Applicants shall meet the following requirements to qualify for loan insurance:
- A. Be in good standing and qualified to do business in Maryland, if a corporation, partnership, or other similar entity;
- B. Have the legal capacity and all necessary legal authorization to incur the obligations of the loan;
- C. Demonstrate creditworthiness and repayment capability acceptable to the Authority.
Authority: Economic Development Article, §2-108 and Title 5, Subtitle 4, Annotated Code of Maryland
Effective date: April 3, 1989 (16:6 Md. R. 730)