# COMAR Title 09 — Maryland Department of Labor

## Subtitle 03 — Commissioner of Financial Regulation

### Chapter 15 — Shared Appreciation Agreements

#### Regulation .05 Ability to Repay.

*COMAR 09.03.15.05*

A lender offering a shared appreciation agreement is deemed to have given due regard to a borrower’s ability to repay if disclosures are provided by the lender to the borrower in compliance with Regulation .02 of this chapter, provided that:

A. The shared appreciation agreement does not require periodic payments prior to termination of the agreement; and

B. The term of the shared appreciation agreement is no less than 5 years.