Current with changes from the 2024 Legislative Session
Section 5-1804 - Qualification
A loan qualifies under the Program if the loan:
(1) satisfies the lending criteria of the financial institution;(2) has a term not exceeding 10 years;(3) may be short or long term, have fixed or variable rates, and be secured or unsecured; and(4) does not exceed $250,000.
Md. Code, EC § 5-1804
Added by 2021 Md. Laws, Ch. 704,Sec. 1, eff. 10/1/2021.