Maryland Financial Institutions Section 6-403

      (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.