1. A. A recipient shall furnish the Office of Student Financial Assistance (OSFA) with written acceptance of the award and sign a promissory note and employment obligation agreement with OSFA.

2. B. The promissory note and employment obligation agreement shall include:

   1. (1) The obligations of the recipient;
   2. (2) The total and annual amounts of the award;
   3. (3) Penalties for breach of the promissory note and employment obligation agreement;
   4. (4) Circumstances under which the employment obligation may be canceled, suspended, or waived; and
   5. (5) Any other terms the Maryland Secretary of Higher Education considers necessary.

3. C. A recipient shall:

   1. (1) Verify eligible employment and salary level initially, after 6 months, and at the end of each year in the program;
   2. (2) Verify the current status of all education loans each year in the program;
   3. (3) Submit a copy of their Maryland tax returns for any year during which an award is received and, if requested, a copy of their federal return; and
   4. (4) Notify OSFA and their lending institutions of any change in employment status or salary level.

Authority: Education Article, §§11-105(u), 18-204(c), and 18-1503, Annotated Code of Maryland

Effective date: August 28, 2017 (44:17 Md. R. 836)

Regulation .02A, B amended effective July 25, 2022 (49:15 Md. R. 738)