<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".31" citation="COMAR 09.10.06.31" title_num="09" subtitle_num="10" chapter_num="06" heading="Debt.">
  <paragraph num="A.">
    <text>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.</text>
  </paragraph>
  <paragraph num="B.">
    <text>The disclosure for each lien listed under §A of this document shall include:</text>
    <paragraph num="(1)">
      <text>The name and address of the lender or secured party;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The amount of the indebtedness;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>The terms of the lien; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>A copy of each document executed with respect to the lien.</text>
    </paragraph>
  </paragraph>
</regulation>