(a) The Department shall prepare the loan documents for loans under this subtitle.
(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.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 2 - Maryland Economic Adjustment Fund
Section 5-202 - Approval of Financial Assistance From Fund
Section 5-203 - Maryland Economic Adjustment Fund
Section 5-205 - Loan -- Application
Section 5-206 - Loan -- Terms and Conditions