§ 7-211
107 words·~1 min read·
/md/financial-institutions/7-211A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.
(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.