Md. Code, Financial Institutions § 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.