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Section 6-501 - Definitions — Maryland Law | CourtGPT
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  8. Section 6-501 - Definitions
Maryland Legal Code

Section 6-501 - Definitions

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(a) In this subtitle the following words have the meanings indicated. (b) 'Community development financial institution' has the meaning stated in 12 U.S.C. § 4702. (c) 'Community development organization' means an entity that meets the requirements set forth under § 6–504(a) of this subtitle. (d) (1) 'Financial assistance' means a grant, a loan, or an investment provided under this subtitle. (2) 'Financial assistance' includes: (i) an assurance; (ii) a guarantee; (iii) a prepayment of interest on a subordinate or superior loan or portion of a loan; (iv) a reduction in the principal obligation of or rate of interest payable on a loan or a portion of a loan; and (v) any other form of credit enhancement. (e) 'Program' means the Baltimore Regional Neighborhood Initiative Program. (f) 'Sustainable community' means an area designated as a sustainable community under § 6–205 of this title.