Sec. 18A-29. Regulations.

Montgomery County, Md., Code § 18A-29 (2026)

The Executive must adopt regulations under Method (2) to administer the Program, including:

(a)

lending standards and priorities;

(b)

minimum and maximum loan amounts;

(c)

interest rates, terms, and conditions;

(d)

application procedures, including necessary supporting documentations;

(e)

criteria for adequate security;

(f)

procedures to refer applicants to other sources of funds, and to cooperate with other public and private sources of funds;

(g)

procedures to ask the Director to reconsider any denial of a loan or any decision on interest rates, terms, and conditions;

(h)

procedures for nonpayment or default;

(i)

procedures and requirements for post-installation inspection;

(j)

disclosure requirements for real estate transactions; and

(k)

criteria for loan disbursement.