§ 6–715
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 6-715 (2026)
Title 6. Credit Unions
Subtitle 7. Miscellaneous Regulations
§ 6–715LinkCopy Citation
(a)
A credit union shall keep the books and records that the Commissioner requires to determine compliance with this title.
(b)
Unless a longer period is expressly required by State or federal law, a credit union shall retain the books and records required under subsection (a) of this section for a period of at least 5 years.
(c)
A credit union may retain the books and records required under subsection (a) of this section at any location, provided that the credit union:
(1)
Notifies the Commissioner in writing of the location of the books and records; and
(2)
Makes the books and records available at the credit union’s principal place of business, as agreed by the Commissioner and the credit union, within 7 days of a written request for examination by the Commissioner.
(d)
A credit union shall retain the books and records required under subsection (a) of this section in one of the following ways:
(1)
Original form;
(2)
An electronic equivalent approved by the Commissioner; or
(3)
A microphotographic copy approved by the Commissioner.