09.03.01.16

.16 Reports to the Commissioner of Financial Regulation.

A. The Commissioner of Financial Regulation shall require, as additional reports pursuant to Financial Institutions Article, §6-404(b), Annotated Code of Maryland, that a Report of Condition be received by the Commissioner on or before:

(1) July 30th of each year, reporting the financial condition of the credit union as of June 30th of that year; and

(2) February 1st of each year, reporting the financial condition of the credit union as of December 31st of that year.

B. A copy of the Report of Condition due on or before February 1st may be submitted as the annual report required to be filed on or before March 31st under Financial Institutions Article, §6-404(a), Annotated Code of Maryland.