§ 5-207. Loan--Documents

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 5. Economic Development and Financial Assistance Programs (Refs & Annos)
Subtitle 2. Maryland Economic Adjustment Fund (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 5-207
§ 5-207. Loan--Documents
Currentness
Preparation by Department
(a) The Department shall prepare the loan documents for loans under this subtitle.
Contents
(b) The loan documents shall include:
(1) the interest rate on the loan;
(2) the amount of the loan;
(3) repayment provisions for the loan; and
(4) any other provision that the Department determines is necessary, including a provision on taking liens and security interests in real or personal property.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 5-207, MD ECON DEV § 5-207
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document