<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".03" citation="COMAR 05.04.06.03" title_num="05" subtitle_num="04" chapter_num="06" heading="Eligible Borrowers and Grantees.">
  <paragraph num="A.">
    <text>Requirements for Loans and Grants. In order to be eligible for a loan or grant, an applicant shall meet the following requirements:</text>
    <paragraph num="(1)">
      <text>Hold title to the property in fee simple or under a perpetually renewable lease;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>If an owner-occupant, reside, or intend to reside, in the building where the lead hazard reduction activity will take place;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>If an owner-landlord, meet the following requirements, which shall be met individually and together by all applicants if there is more than one applicant:</text>
      <paragraph num="(a)">
        <text>If the business entity, be in good standing and qualified to do business in Maryland,</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Have the legal capacity, and all necessary legal and corporate authorizations, to incur the obligations of the loan or grant,</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Agree to abide by the nondiscrimination and alcohol-free and drug-free workplace requirements described in Regulation .18 of this chapter,</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Provide satisfactory assurance that, during the 12 months before making application for a loan or grant under this chapter, the borrower did not cause a residential tenant to leave the building to be abated, except upon good cause, and</text>
      </paragraph>
      <paragraph num="(e)">
        <text>Agree in writing to assist with the relocation of tenants to the extent required by the Department; and</text>
      </paragraph>
    </paragraph>
    <paragraph num="(4)">
      <text>Not have been suspended or debarred from the Department's programs under any action under COMAR 05.01.05.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>Requirements for Loans.</text>
    <paragraph num="(1)">
      <text>In order to be eligible for a loan, an applicant shall:</text>
      <paragraph num="(a)">
        <text>Meet the requirements of §A of this regulation; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Demonstrate creditworthiness and repayment ability to the satisfaction of the Department.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>If the loan is required to be secured, then all persons or entities having an ownership interest in the property shall be willing to execute documents evidencing a security interest in the property.</text>
    </paragraph>
  </paragraph>
</regulation>