Md. Code Regs. 24.05.04.04

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.04.04 - Eligible Borrowers

Applicants shall meet the following requirements to qualify for loan insurance:

A. Be in good standing and qualified to do business in Maryland, if a corporation, partnership, or other similar entity;

B. Have the legal capacity and all necessary legal authorization to incur the obligations of the loan;

C. Demonstrate creditworthiness and repayment capability acceptable to the Authority.

Md. Code Regs. 24.05.04.04