Maryland Statutes

§ 6-501

Maryland·Article ghs Housing and Community Development·Title 6
(a)In this subtitle the following words have the meanings indicated.
(b)“Community development financial institution” has the meaning stated in 12 U.S.C. § 4702.
(c)“Community development organization” means an entity that meets the requirements set forth under § 6–504(a) of this subtitle.
(d)(1) “Financial assistance” means a grant, a loan, or an investment provided under this subtitle.
(2)“Financial assistance” includes:
(i)an assurance;
(ii)a guarantee;
(iii)a prepayment of interest on a subordinate or superior loan or portion of a loan;
(iv)a reduction in the principal obligation of or rate of interest payable on a loan or a portion of a loan; and
(v)any o

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Related

§ 4702
12 U.S.C. § 4702

Nearby Sections

15
§ 6-101
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