Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 10 - RACING COMMISSION
Chapter 09.10.06 - New Racetrack License
Section 09.10.06.30 - Loans
Universal Citation: MD Code Reg 09.10.06.30
Current through Register Vol. 51, No. 19, September 20, 2024
A. The application documents shall state each loan made by the applicant in an amount that exceeds 1 percent of the applicant's net income for the year in which the loan was made.
B. The disclosure for each loan listed under §A of this regulation shall include:
(1) The name and address of the
borrower;
(2) The amount of the
loan;
(3) The terms of the loan;
and
(4) A copy of each document
executed with respect to the loan.
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