Maryland Financial Institutions Section 6-715

      (a)      A credit union shall keep the books and records that the Commissioner requires to determine compliance with this title.

      (b)      Unless a longer period is expressly required by State or federal law, a credit union shall retain the books and records required under subsection (a) of this section for a period of at least 5 years.

      (c)      A credit union may retain the books and records required under subsection (a) of this section at any location, provided that the credit union:

            (1)      Notifies the Commissioner in writing of the location of the books and records; and

            (2)      Makes the books and records available at the credit union's principal place of business, as agreed by the Commissioner and the credit union, within 7 days of a written request for examination by the Commissioner.

      (d)      A credit union shall retain the books and records required under subsection (a) of this section in one of the following ways:

            (1)      Original form;

            (2)      An electronic equivalent approved by the Commissioner; or

            (3)      A microphotographic copy approved by the Commissioner.