§ 3–204

Statutes in effect as of October 1, 2026.

Md. Code Ann., Hous. & Cmty. Dev. § 3-204 (2026)

Title 3. Division of Credit Assurance

Subtitle 2. Maryland Housing Fund

Insurance, a guarantee, or other credit enhancement provided under this subtitle:

(1)

does not pledge the faith, credit, or taxing power of the State or the Department; and

(2)

is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.