State Codes and Statutes
Statutes > Maryland > Economic-development > Title-5 > Subtitle-2 > 5-207§ 5-207. Loan - Documents.
(a) Preparation by Department.- The Department shall prepare the loan documents for loans under this subtitle.
(b) Contents.- The loan documents shall include:
(1) the interest rate on the loan;
(2) the amount of the loan;
(3) repayment provisions for the loan; and
(4) any other provision that the Department determines is necessary, including a provision on taking liens and security interests in real or personal property.
[An. Code 1957, art. 83A, § 6-509(b), (c)(1)-(4); 2008, ch. 306, § 2.]
