District of Columbia § 26-510.08 Records.

District of Columbia Statutes

§ 26-510.08 — Records.

District of Columbia § 26-510.08

JurisdictionDistrict of Columbia

Title 26Banks and Other Financial Institutions.

Ch. 5Credit Unions.

Subch. ICredit Union Act of 2020.

Part JSupervision and Regulation.

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Bluebook

D.C. Code § 26-510.08 (2026).

Text

(a)A District credit union shall maintain all books, records, accounting systems, and procedures that accurately reflect its operations and which enable the Commissioner to readily ascertain the true financial condition of the District credit union and whether it is complying with this subchapter . These books, records, accounting systems, and procedures shall be maintained at the District credit union's principal place of business in accordance with the District credit union's record retention policy.

(b)The Commissioner shall prescribe the minimum retention requirements for District credit union records by rule.

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(a) A District credit union shall maintain all books, records, accounting systems, and procedures that accurately reflect its operations and which enable the Commissioner to readily ascertain the true financial condition of the District credit union and whether it is complying with this subchapter . These books, records, accounting systems, and procedures shall be maintained at the District credit union's principal place of business in accordance with the District credit union's record retention policy.

(b) The Commissioner shall prescribe the minimum retention requirements for District credit union records by rule.