Maryland § 7-610
Full text of Maryland Maryland Code § 7-610, with citation guidance and answers to common questions.
§ 7-610.
(a) The Board may enter into an agreement with an applicant to guarantee a loan or provide a subsidy for loan interest to the applicant only if the applicant demonstrates:
(1) that the loan to be guaranteed or the subsidy of loan interest will be used to acquire assistive technology;
(2) the ability to repay the loan;
(3) creditworthiness; and
(4) the inability to qualify for a loan from a lending institution without a loan guarantee or a subsidy of loan interest.
(b) The Board may elect to provide the borrower with an interest rate equivalent to the guaranteed rate by either guaranteeing the loan or subsidizing the interest rate if:
(1) a participating lending institution approves a loan without the requirement of a guarantee; and
(2) the interest rate is higher than the interest rate otherwise available for a guaranteed loan.
Frequently Asked Questions About Maryland § 7-610
What does Maryland Code § 7-610 cover?
Section 7-610 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 § 7-610?
A common citation format is "Maryland Code § 7-610" (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 § 7-610 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.