Md. Code Regs. 09.03.15.05

Current through Register Vol. 51, No. 25, December 13, 2024

Section 09.03.15.05 - Ability to Repay

A lender offering a shared appreciation agreement is deemed to have given due regard to a borrower's ability to repay if disclosures are provided by the lender to the borrower in compliance with Regulation .02 of this chapter, provided that:

A. The shared appreciation agreement does not require periodic payments prior to termination of the agreement; and

B. The term of the shared appreciation agreement is no less than 5 years.

Md. Code Regs. 09.03.15.05

Regulations .05 adopted effective 51:23 Md. R. 1036, eff. 11/25/2024.