Md. Code, Hum. Servs. § 7-612

Current with changes from the 2024 Legislative Session

Section 7-612 - Violations of loan provisions

If a borrower violates any provision of a loan guarantee or subsidy agreement or ceases to meet the requirements of this subtitle, on reasonable notice to the borrower, the Board may:

(1) withhold from the borrower further loan guarantees or subsidies until the borrower complies with the agreement or requirements; and

(2) exercise any other remedy that the loan guarantee or subsidy agreement provides.

Md. Code, HS § 7-612