Maryland § 5-347
Full text of Maryland Maryland Code § 5-347, with citation guidance and answers to common questions.
§ 5-347.
(a) If the Department makes a child care special loan to an applicant, the Department shall prepare loan documents.
(b) The loan documents shall include:
(1) the rate of interest on the child care special loan;
(2) the amount of the child care special loan;
(3) a requirement that before each disbursement of loan proceeds is released to the applicant, the applicant and the Department cosign the request for the money;
(4) provisions for repayment of the child care special loan; and
(5) any other provisions that the Department determines are necessary, including provisions to take liens and security interests in real and personal property.
(c) The child care special loan documents may provide for penalties for an applicant who fails to operate the child care facility for the entire term of the child care special loan.
Frequently Asked Questions About Maryland § 5-347
What does Maryland Code § 5-347 cover?
Section 5-347 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 § 5-347?
A common citation format is "Maryland Code § 5-347" (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 § 5-347 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.