§ 7–207
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 7-207 (2026)
Title 7. Credit Union Share Insurance
Subtitle 2. Credit Union Share Guaranty Corporations
§ 7–207LinkCopy Citation
(a)
When an applicant for a certificate of authority files the application and pays the application fee required under § 7-206 of this subtitle, the Commissioner shall conduct an investigation to determine if the applicant meets the requirements of § 7-205 of this subtitle.
(b)
Unless the Commissioner notifies the applicant that a different time period is necessary, the Commissioner shall approve or deny each application for a certificate of authority within 120 days after the complete application is filed and the application fee is paid.
(c)
The Commissioner shall issue a certificate of authority to any applicant who meets the requirements of this subtitle.