WILLIAM DONALD SCHAEFER, Governor

Ch. 228

1. Variably; or
2. To a stated rate; or
(ii) Acceleration of maturity.

(2)  Except as provided in paragraph (3) of this
subsection, the interest rate of a loan may not be increased and
the maturity may not be accelerated unless:

(i) 5 years have passed from the date of the
loan;

(ii) The financial circumstances of the
owner-occupant borrower have changed and the borrower no longer
would qualify as an original borrower under the Program; or

(iii) The group home sponsor no longer provides
a group home.

(3)  If a borrower violates § 13-317 of this subtitle
OR THE LOAN IS IN DEFAULT, the Department immediately may
accelerate the maturity.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved April 29, 1987.

CHAPTER 228

(House Bill 534)

AN ACT concerning

Harmony Hall Regional Center

FOR the purpose of amending Chapter 473 of the Acts of 1986 to
include the Maryland-National Capital Park and Planning
Commission as an alternate provider of matching funds for
the Harmony Hall Regional Center Project; and making this
Act an emergency measure.

BY repealing and reenacting, with amendments,

Chapter 473 of the Acts of the General Assembly of 1986
Section 1

- 1031 -