§ 6-906.2. Closed hearing in extraordinary circumstances

MD Fin Inst Code § 6-906.2 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    In this section, “extraordinary circumstances” means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a credit union.

(b)    In extraordinary circumstances and with the consent of the credit union, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner.