§ 9-1606.1. Linked deposit loans, application to lenders
West's Annotated Code of MarylandEnvironment
MD Code, Environment, § 9-1606.1
§ 9-1606.1. Linked deposit loans, application to lenders
(b)(1) A borrower desiring to acquire a linked deposit loan shall apply to a lender.
(c) Upon approval of a linked deposit loan by the lender, the Administration and lender shall enter into an agreement under which the amount and term of, and schedule for payment of principal and interest on, the linked deposit shall be determined.
(d) On receiving a linked deposit from the Administration, the lender shall execute a loan commitment with the borrower.
Credits
Added by Acts 1998, c. 328, § 1, eff. Oct. 1, 1998. Amended by Acts 2002, c. 228, § 1, eff. Oct. 1, 2002.
MD Code, Environment, § 9-1606.1, MD ENVIR § 9-1606.1
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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