# Financial Institutions (GFI)

## Title 6. Credit Unions

### Subtitle 7. Miscellaneous Regulations

#### Section 6-715

(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.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)