§ 6-403. Examinations of credit unions

MD Fin Inst Code § 6-403 (2019) (N/A)
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(a)    In this section, “examiner” means:

(1)    The Commissioner; and

(2)    An individual whom the Commissioner designates as examiner.

(b)    An examiner shall visit each credit union and examine its business:

(1)    At least once during each calendar year, unless the Commissioner determines that, during a calendar year, an examination is unnecessary, in which event an examination shall occur no less frequently than once every 18 months;

(2)    When requested by the board or supervisory committee of the credit union; and

(3)    At any other time that the Commissioner considers necessary.