Maryland Governor - Executive and Administrative Departments Section 14-913

Article - Governor - Executive and Administrative Departments

§ 14-913.

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

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

            (2)      Exercise any other remedy for which the loan guarantee or subsidy agreement provides.



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