Section 4-406 - Regulations.
§ 4-406. Regulations.
(a) In general.- The Department shall adopt regulations to carry out the Program.
(b) Contents.- The regulations shall provide for:
(1) applications for money from the Fund;
(2) standards of eligibility, terms, and fees;
(3) charges that shall be imposed on deferred-payment, subordinated loans; and
(4) the recapture of money of the Fund from a borrower that does not use the money in a timely manner.
[An. Code 1957, art. 83B, §§ 2-804(b)(3), (d), 2-809; 2005, ch. 26, § 2; 2006, ch. 118, § 2.]