§ 5-456. Conditional approval

Latest version.

(a) In general. -- On conditional approval of a fixed asset financing loan application under this part, the lender shall forward the loan package to the Authority.

(b) Additional information. -- In addition to any other information the Authority reasonably requires to carry out the purposes of this part, the linked deposit loan package shall include the information required of the applicant under § 5-455(c) of this subtitle.

(c) Limited liability. -- By forwarding the loan package to the Authority, the lender is not representing to the Authority that information in the loan package that relates to the applicant is accurate or valid.

HISTORY: An. Code 1957, art. 83A, § 5-927(e); 2008, ch. 306, § 2.

                    
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