Md. Code Regs. 05.13.05.10

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.13.05.10 - Program Administration

A. The Secretary may waive or vary provisions of this chapter:

(1) To the extent that the waiver or variance is consistent with State Finance and Procurement Article, § 6-211, Annotated Code of Maryland; and

(2) If, in the written determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would be inequitable or contrary to the purposes of State Finance and Procurement Article, § 6-211, Annotated Code of Maryland.

B. Electronic Means. The Department may require the financial institution to submit any written documentation required in this chapter by electronic means.

C. Subject to all State and federal privacy requirements, the Department may require a participating financial institution to provide reports that contain:

(1) The number of loans made under the Program;

(2) The dollar value of loans made under the Program;

(3) The performance of the loans made under the Program;

(4) The type of business that received loans; and

(5) Any other information requested by the Department related to the Program.

D. Program Guidelines. The Department may establish from time to time Program guidelines containing procedures, required reports, forms, and other matters related to the Program.

Md. Code Regs. 05.13.05.10