Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 05. Department of Housing & Community Development |
Subtitle 06. HOUSING INSURANCE |
Chapter 05.06.09. Business Reserve Insurance |
Sec. 05.06.09.04. Eligible Borrower
Latest version.
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A. A borrower may be an individual, partnership, or any other type of legal entity.
B. A borrower shall establish, to the satisfaction of the Fund, the capacity to meet the financial obligations of the loan.
C. A borrower shall have maintained a credit standing and history of financial management that is acceptable to the Fund.