Maryland Financial Institutions Section 7-215

      A credit union share guaranty corporation shall provide written notice to the Commissioner of:

            (1)      The receipt from a credit union of an application for participation in the credit union share guaranty corporation;

            (2)      The credit union share guaranty corporation's underwriting decision regarding the application for participation; and

            (3)      The voluntary or involuntary termination of the participation of a credit union in the credit union share guaranty corporation.