Maryland § 9-402
Full text of Maryland Maryland Code § 9-402, with citation guidance and answers to common questions.
§ 9-402.
(a) A project qualifies as a community reinvestment project if the Secretary determines in writing that the community reinvestment project meets:
(1) affordable housing needs of limited income households in the State;
(2) capital, operating, and other credit needs of small businesses in the State, including farm businesses, if the assets, income, and number of employees of the business do not exceed limits that the Secretary of Commerce establishes; or
(3) capital, operating, and other credit needs of individuals, community organizations, and businesses located in or serving communities or neighborhoods in the State that have urgent needs for reinvestment due to deteriorating social or economic conditions.
(b) A community reinvestment project shall:
(1) conform to eligibility guidelines and financing policies consistent with this subtitle that the Board develops and the Secretary approves; and
(2) be submitted to and approved by the loan committee appointed by the Board under § 9–204(d) of this title.
Frequently Asked Questions About Maryland § 9-402
What does Maryland Code § 9-402 cover?
Section 9-402 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 § 9-402?
A common citation format is "Maryland Code § 9-402" (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 § 9-402 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.