Md. Code, Economic Development § 5-546
This is the official text of Md. Code, Economic Development § 5-546, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–546.
Official statutory text
If an applicant or financial institution violates any provision of the loan documents or ceases to meet the requirements of this part, on reasonable notice to the applicant or financial institution, the Authority may:
(1) withhold from the applicant further loan payments until the applicant complies with the documents or requirements;
(2) withhold from the financial institution further interest subsidy payments until the financial institution complies with the loan documents or requirements; and
(3) exercise any other remedy for which the loan documents provide.
(1) withhold from the applicant further loan payments until the applicant complies with the documents or requirements;
(2) withhold from the financial institution further interest subsidy payments until the financial institution complies with the loan documents or requirements; and
(3) exercise any other remedy for which the loan documents provide.
Status: in_force · Read it on the official government site
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