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Statutes Text

Article - Economic Development




§5–207.

    (a)    The Department shall prepare the loan documents for loans under this subtitle.

    (b)    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.



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