Code of Maryland Regulations
Title 24 - DEPARTMENT OF COMMERCE
Subtitle 05 - ECONOMIC DEVELOPMENT
Chapter 24.05.04 - Maryland Industrial Development Financing Authority Conventional Loan Program
Section 24.05.04.04 - Eligible Borrowers
Universal Citation: MD Code Reg 24.05.04.04
Current through Register Vol. 51, No. 6, March 22, 2024
Applicants shall meet the following requirements to qualify for loan insurance:
A. Be in good standing and qualified to do business in Maryland, if a corporation, partnership, or other similar entity;
B. Have the legal capacity and all necessary legal authorization to incur the obligations of the loan;
C. Demonstrate creditworthiness and repayment capability acceptable to the Authority.
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