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Statutes Text

Article - Financial Institutions




§7–211.

    (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.



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