§ 6–403
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 6-403 (2026)
Title 6. Credit Unions
Subtitle 4. Examinations and Reports
§ 6–403LinkCopy Citation
(a)
In this section, “examiner” means:
(1)
The Commissioner; and
(2)
An individual whom the Commissioner designates as examiner.
(b)
An examiner shall visit each credit union and examine its business:
(1)
At least once during each calendar year, unless the Commissioner determines that, during a calendar year, an examination is unnecessary, in which event an examination shall occur no less frequently than once every 18 months;
(2)
When requested by the board or supervisory committee of the credit union; and
(3)
At any other time that the Commissioner considers necessary.