# Housing and Community Development (GHS)

## Title 4. Division of Development Finance

### Subtitle 2. Community Development Administration

#### Section 4-226

(a)

  (1) In connection with property on which it holds a mortgage, the Administration may:

    (i) foreclose on the property;

    (ii) begin an action to protect or enforce a right conferred on the Administration by law or any agreement;

    (iii) bid for and purchase the property at a foreclosure or other sale; and

    (iv) acquire and take possession of the property.

  (2) In an action under this subsection, the Administration may:

    (i) complete, administer, and pay the principal of and interest on an obligation incurred in connection with the property; and

    (ii) dispose of and otherwise deal with the property, so as to protect the interests of the Administration.

(b)

  (1) This subsection does not apply to a lien held in connection with a public purpose project.

  (2) The Administration may not lend money on the security of property unless the lien on the property is superior to all other liens, except for:

    (i) a lien for taxes owed to the State or a political subdivision; or

    (ii) an earlier mortgage lien.

(c)

  (1) At public or private sale and with or without public bidding, the Administration may sell a mortgage or other obligation that the Administration holds.

  (2) The Administration may retain the servicing rights and charge servicing fees for any mortgage or other obligation the Administration sells.

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Md. Code Ann., Hous. & Cmty. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)