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WILLIAM DONALD SCHAEFER, Governor Ch. 248
If an applicant violates any provision of the loan documents
or ceases to meet the requirements of this subtitle; on
reasonable notice to the applicant, the Department may:
(1) Withhold from the applicant further advances of
loan proceeds until the applicant complies with the agreement or
requirements; and
(2) Exercise any other remedy for which the loan
documents provide.
6-2A-12.
(a) A person may not knowingly make or cause any false
statement or report to be made in any application or in any
document furnished to the Department.
(b) A person may not knowingly make or cause any false
statement or report to be made for the purpose of influencing the
action of the Department on an application for financial
assistance or for the purpose of influencing any action of the
Department affecting financial assistance whether or not such
assistance may have already been extended.
(c) Any person or any aider or abettor, who violates any
provision of this subtitle, is guilty of a misdemeanor and on
conviction is subject to a fine not exceeding $50,000 or
imprisonment in the penitentiary not exceeding 5 years, or both.
6-2A-13.
The Department shall promulgate such rules as are necessary
to carry out the purposes of this subtitle.
IF AN APPLICANT VIOLATES ANY PROVISION OF THE LOAN DOCUMENTS
OR CEASES TO MEET THE REQUIREMENTS OF THIS SUBTITLE, ON
REASONABLE NOTICE TO THE APPLICANT, THE DEPARTMENT MAY:
(1) WITHHOLD FROM THE APPLICANT FURTHER ADVANCES OF
LOAN PROCEEDS UNTIL THE APPLICANT COMPLIES WITH THE AGREEMENT OR
REQUIREMENTS; AND-----------------------------------------------
(2) EXERCISE ANY OTHER REMEDY FOR WHICH THE LOAN
DOCUMENTS PROVIDE.
6-2A-12.
(A) A PERSON MAY NOT KNOWINGLY MAKE OR CAUSE ANY FALSE
STATEMENT OR REPORT TO BE MADE IN ANY APPLICATION OR IN ANY
DOCUMENT FURNISHED TO THE DEPARTMENT. :-----------
(B) A PERSON MAY NOT KNOWINGLY MAKE OR CAUSE ANY FALSE
STATEMENT OR REPORT TO BE MADE FOR THE PURPOSE OF INFLUENCING THE
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