# COMAR Title 09 — Maryland Department of Labor

## Subtitle 10 — Racing Commission

### Chapter 06 — New Racetrack License

#### Regulation .30 Loans.

*COMAR 09.10.06.30*

A. The application documents shall state each loan made by the applicant in an amount that exceeds 1 percent of the applicant's net income for the year in which the loan was made.

B. The disclosure for each loan listed under §A of this regulation shall include:

  (1) The name and address of the borrower;

  (2) The amount of the loan;

  (3) The terms of the loan; and

  (4) A copy of each document executed with respect to the loan.