On or before December 31 of each year, the Commissioner shall submit to the Governor, and as provided under § 2-1246 of the State Government Article, the General Assembly, an annual report that includes, at a minimum, the following information concerning the most recently completed fiscal year ending June 30:

            (1)      Operations of the office of the Commissioner;

            (2)      Amendments proposed by the Commissioner regarding the laws the Commissioner administers;

            (3)      Failures of licensed persons and State-chartered financial institutions;

            (4)      A summary of the composite ratings of banking institutions and State-chartered credit unions; and

            (5)      A breakdown by license category of the number of penalties assessed and instances of consumer recovery.