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.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 5 - Maryland Small Business Development Financing Authority
Part IV - Small Business Development Guaranty Fund
Section 5-533 - "Fund" Defined
Section 5-536 - Administration
Section 5-537 - Status; Investment; Payment
Section 5-540 - Financial Assistance -- Conditions
Section 5-541 - Financial Assistance -- Qualifications of Applicants
Section 5-542 - Financial Assistance -- Application Procedures
Section 5-543 - Financial Assistance -- Terms
Section 5-545 - Prohibited Acts; Penalty
Section 5-546 - Violation of Loan Documents; Noncompliance With Part