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2002 LAWS OF MARYLAND
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Ch. 291
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(II) INCLUDE THE LENDER'S NAME, ADDRESS, AND SIGNATURE;
(III) STATE THE SCHEDULE FOR REPAYMENT OF THE LOAN;
(IV) STATE THE INTEREST RATE OF THE LOAN; AND
(V) BE ATTACHED TO THE CAMPAIGN FINANCE REPORT REQUIRED
OF THE ENTITY UNDER SUBTITLE 3 OF THIS TITLE FOR THE REPORTING PERIOD
DURING WHICH THE LOAN WAS MADE.
(2) (I) A LOAN BY A CANDIDATE OR THE CANDIDATE'S SPOUSE TO A
CAMPAIGN FINANCE ENTITY OF THE CANDIDATE IS NOT REQUIRED TO COMPLY
WITH PARAGRAPH (1) OF THIS SUBSECTION.
(II) UNLESS A LOAN BY A CANDIDATE OR THE CANDIDATE'S
SPOUSE TO A CAMPAIGN FINANCE ENTITY OF THE CANDIDATE COMPLIES WITH
PARAGRAPH (1) OF THIS SUBSECTION:
1. THE LOAN MAY NOT ACCRUE INTEREST;
2. ANY INTEREST FOREGONE ON THE LOAN IS NOT A
CONTRIBUTION UNDER SUBSECTION (B) OF THIS SECTION; AND
3. THE CAMPAIGN FINANCE ENTITY IS NOT SUBJECT TO §
13-310(A) AND (B) OF THIS TITLE SO LONG AS THE LOAN HAS AN OUTSTANDING
PRINCIPAL BALANCE.
(D) SAME — LOANS TO CAMPAIGN FINANCE ENTITY OF A CANDIDATE.
(1) A LOAN MAY NOT BE MADE TO A CAMPAIGN FINANCE ENTITY OF A
CANDIDATE, OR ACCEPTED ON BEHALF OF THE ENTITY, WITHOUT THE EXPRESS
WRITTEN CONSENT OF THE CANDIDATE.
(2) THE WRITTEN CONSENT OF THE CANDIDATE CONSTITUTES THE
PERSONAL GUARANTEE OF THE CANDIDATE FOR REPAYMENT OF THE LOAN ONLY IF
THE DOCUMENT EXPRESSLY SO PROVIDES.
(3) A COPY OF THE CANDIDATE'S WRITTEN CONSENT SHALL BE:
(I) FURNISHED TO THE LENDER WHEN THE LOAN IS MADE; AND
(II) ATTACHED TO THE CAMPAIGN FINANCE REPORT REQUIRED OF
THE ENTITY UNDER SUBTITLE 3 OF THIS TITLE FOR THE REPORTING PERIOD DURING
WHICH THE LOAN WAS MADE.
REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 33, §§ 13-208 and 13-207(b).
In subsection (a) of this section, the defined term "campaign finance
entity" is substituted for the former references to "candidate or political
committee" and "candidate" for clarity. See General Revisor's Note to this
title and § 1-101 of this article.
In subsection (a)(2)(ii) of this section, the phrase referencing the election
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