Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 05. Department of Housing & Community Development |
Subtitle 13. NEIGHBORHOOD BUSINESS DEVELOPMENT |
Chapter 05.13.07. Business Lending Program |
Sec. 05.13.07.13. False Statements
Latest version.
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An applicant or recipient of financial assistance who knowingly makes or causes to be made a false statement or report, whether in the nature of an understatement or overstatement of financial condition or any other fact material to the Department's action, shall be subject to immediate acceleration of the loan, in addition to the criminal penalties authorized by the Act.