§ 7–211
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 7-211 (2026)
Title 7. Credit Union Share Insurance
Subtitle 2. Credit Union Share Guaranty Corporations
§ 7–211LinkCopy Citation
(a)
A credit union share guaranty corporation shall pay all reasonable expenses for transportation, lodging, and meals associated with:
(1)
An examination required or permitted under § 7-210 of this subtitle; and
(2)
Any other examination or investigation conducted under this article that results in the discovery of a violation of this subtitle by the credit union share guaranty corporation.
(b)
(1)
A credit union share guaranty corporation shall pay an annual assessment of $5,000.
(2)
A credit union share guaranty corporation shall pay the assessment imposed under paragraph (1) of this subsection to the Commissioner on or before February 15 after the assessment is imposed.