Maryland § 36-1404
Full text of Maryland Maryland Code § 36-1404, with citation guidance and answers to common questions.
§ 36-1404.
(a) A loan to a social equity licensee qualifies under the Program if the loan:
(1) satisfies the lending criteria of the lender; and
(2) does not exceed:
(i) for a dispensary, $500,000; or
(ii) for a grower or processor, $1,000,000.
(b) A loan that qualifies under subsection (a) of this section may be short or long term, have fixed or variable rates, and be secured or unsecured.
Frequently Asked Questions About Maryland § 36-1404
What does Maryland Code § 36-1404 cover?
Section 36-1404 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 36-1404?
A common citation format is "Maryland Code § 36-1404" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 36-1404 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.