§ 7-211

Maryland § 7-211

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 7

Text

(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.