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.
Structure Maryland Statutes
Title 7 - Credit Union Share Insurance
Subtitle 2 - Credit Union Share Guaranty Corporations
Section 7-203 - Certificate of Authority Required
Section 7-204 - Insuring Share and Deposit Accounts
Section 7-205 - Certificate of Authority -- Qualifications; Limitations
Section 7-206 - Certificate of Authority -- Applications
Section 7-207 - Certificate of Authority -- Approval
Section 7-208 - Certificate of Authority -- Denial; Request for Hearing
Section 7-209 - Certificate of Authority -- Suspension or Revocation
Section 7-210 - Examinations and Investigations
Section 7-211 - Payment of Expenses; Assessments
Section 7-213 - Exchange of Information
Section 7-214 - Contracts With Participating Credit Unions
Section 7-215 - Notice to Commissioner
Section 7-217 - Reserves for Guaranty Losses
Section 7-218 - Liquidation and Receivership
Section 7-219 - Termination of Participation
Section 7-220 - Violations; Penalty
Section 7-221 - State Not Liable for Payment of Funds
Section 7-222 - Insurance Article Not Applicable