§ 6–906.2
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 6-906.2 (2026)
Title 6. Credit Unions
Subtitle 9. Prohibited Activities; Penalties
§ 6–906.2LinkCopy Citation
(a)
In this section, “extraordinary circumstances” means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a credit union.
(b)
In extraordinary circumstances and with the consent of the credit union, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner.