Md. Code, Financial Institutions § 6-715
This is the official text of Md. Code, Financial Institutions § 6-715, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§6–715.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.