# Financial Institutions (GFI)

## Title 7. Credit Union Share Insurance

### Subtitle 2. Credit Union Share Guaranty Corporations

#### Section 7-207

(a) When an applicant for a certificate of authority files the application and pays the application fee required under Sec. 7-206 of this subtitle, the Commissioner shall conduct an investigation to determine if the applicant meets the requirements of Sec. 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.

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