Maryland § 4-709
Full text of Maryland Maryland Code § 4-709, with citation guidance and answers to common questions.
§ 4-709.
(a) There is a Lead Hazard Reduction Loan Program.
(b) The Department may make a loan to finance lead hazard reduction activity.
(c) A loan under the Loan Program:
(1) may be secured by a mortgage lien or other security interest acceptable to the Department; and
(2) may include terms that the Department considers appropriate.
(d) For a loan made under the Loan Program, the Department may:
(1) defer payment of principal and interest; and
(2) establish interest rates as low as 0%.
(e) Each loan shall require repayment of all unpaid principal and payment of accrued interest, including deferred interest, but the loan terms may allow the Department to forgive all or part of the principal and interest.
(f) If a loan is in default, the Department may modify the interest rate, the time or amount of payment, or any other term to facilitate repayment and achieve the purposes of the Loan Program.
Frequently Asked Questions About Maryland § 4-709
What does Maryland Code § 4-709 cover?
Section 4-709 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 § 4-709?
A common citation format is "Maryland Code § 4-709" (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 § 4-709 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.