# COMAR Title 09 — Maryland Department of Labor

## Subtitle 10 — Racing Commission

### Chapter 06 — New Racetrack License

#### Regulation .31 Debt.

*COMAR 09.10.06.31*

A. The application documents shall describe any lien that encumbers 1 percent or more of the applicant's assets or 1 percent or more of the assets of a person with an ownership interest in the applicant of 25 percent or more.

B. The disclosure for each lien listed under §A of this document shall include:

  (1) The name and address of the lender or secured party;

  (2) The amount of the indebtedness;

  (3) The terms of the lien; and

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