Md. Code, Financial Institutions § 7-103
This is the official text of Md. Code, Financial Institutions § 7-103, 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.
§7–103.
Official statutory text
The purposes of the Corporation are to:
(1) Insure and guarantee the share and deposit accounts of member credit unions;
(2) Improve and stimulate the ability of credit unions to provide low-cost consumer loans;
(3) Promote the elasticity and flexibility of the resources of credit unions;
(4) Make loans for liquidity purposes to credit unions;
(5) Discount notes of credit unions;
(6) Provide a State service of lending among credit unions;
(7) Help rehabilitate and stabilize credit unions;
(8) Help liquidate credit unions in an orderly manner when necessary;
(9) Help strengthen and develop credit unions serving low-income individuals; and
(10) Cooperate with and assist credit unions, organizations of credit unions, the Commissioner, the National Credit Union Administration, and others in improving the general welfare of the people through credit unions.
(1) Insure and guarantee the share and deposit accounts of member credit unions;
(2) Improve and stimulate the ability of credit unions to provide low-cost consumer loans;
(3) Promote the elasticity and flexibility of the resources of credit unions;
(4) Make loans for liquidity purposes to credit unions;
(5) Discount notes of credit unions;
(6) Provide a State service of lending among credit unions;
(7) Help rehabilitate and stabilize credit unions;
(8) Help liquidate credit unions in an orderly manner when necessary;
(9) Help strengthen and develop credit unions serving low-income individuals; and
(10) Cooperate with and assist credit unions, organizations of credit unions, the Commissioner, the National Credit Union Administration, and others in improving the general welfare of the people through credit unions.
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.