Md. Code Regs. 09.10.06.31 - Debt
A. The application
documents shall describe any lien that encumbers 1 percent or more of the
applicant's assets or 1 percent or more of the assets of a person with an
ownership interest in the applicant of 25 percent or more.
B. The disclosure for each lien listed under
§A of this document shall include:
(1)
The name and address of the lender or secured party;
(2) The amount of the indebtedness;
(3) The terms of the lien; and
(4) A copy of each document executed with
respect to the lien.
Notes
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