# Financial Institutions (GFI)

## Title 7. Credit Union Share Insurance

### Subtitle 2. Credit Union Share Guaranty Corporations

#### Section 7-215

A credit union share guaranty corporation shall provide written notice to the Commissioner of:

(1) The receipt from a credit union of an application for participation in the credit union share guaranty corporation;

(2) The credit union share guaranty corporation's underwriting decision regarding the application for participation; and

(3) The voluntary or involuntary termination of the participation of a credit union in the credit union share guaranty corporation.

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