Md. Code, Human Services § 7-612
Md. Code, Human Services § 7-612
in effectIf a borrower violates any provision of a loan guarantee or subsidy agreement or ceases to meet the requirements of this subtitle, on reasonable notice to the borrower, the Board may:
(1) withhold from the borrower further loan guarantees or subsidies until the borrower complies with the agreement or requirements; and
(2) exercise any other remedy that the loan guarantee or subsidy agreement provides.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghu§ion=7-612&enactments=falseFetched: 10/17/2026