Section 7-612 - Violations of loan provisions. - Maryland Statutes

§ 7-612. Violations of loan provisions.
 

If 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. 
 

[An. Code 1957, art. 41, § 14-913; 2007, ch. 3, § 2.]