<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".05" citation="COMAR 09.03.15.05" title_num="09" subtitle_num="03" chapter_num="15" heading="Ability to Repay.">
  <text>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:</text>
  <paragraph num="A.">
    <text>The shared appreciation agreement does not require periodic payments prior to termination of the agreement; and</text>
  </paragraph>
  <paragraph num="B.">
    <text>The term of the shared appreciation agreement is no less than 5 years.</text>
  </paragraph>
</regulation>