(a) Except as provided in this part, the Department may set the terms and conditions for child care special loans.
(b) The term of a child care special loan may not exceed 10 years.
(c) (1) The minimum amount of a child care special loan is $1,000.
(2) The maximum amount of a child care special loan is $10,000.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 3 - Maryland Economic Development Assistance Authority and Fund
Part VII - Child Care Special Loans
Section 5-342 - Authorized; Purpose; Separate Accounting
Section 5-343 - Considerations in Making Loans
Section 5-344 - Application Required
Section 5-345 - Standards for Making Loans
Section 5-346 - Terms and Conditions
Section 5-347 - Loan Documents