Maryland Code, Financial Institutions § 10-118

(a)(1) An association that is not a major association and had total assets of at least $15,000,000 but less than $40,000,000 as of May 18, 1985, is not eligible for new or continued membership in the Fund on or after July 1, 1987.

(2) An association that is not a major association and has total assets of less than $15,000,000 or had total assets of less than $15,000,000 as of May 18, 1985, is not eligible for new or continued membership in the Fund on or after July 1, 1989.

(1) The association has made a good faith effort to obtain insurance from the Federal Savings and Loan Insurance Corporation or other federal agency;

(2) There is a substantial likelihood that the association will qualify for federal insurance;

(3) The failure to obtain federal insurance is not attributable to unjustified delay on the part of the association; and

(4) The interest of the savings account holders will not be jeopardized.