§ 4–241
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 4-241 (2026)
Title 4. Division of Development Finance
Subtitle 2. Community Development Administration
§ 4–241LinkCopy Citation
Except as required to qualify for insurance or guaranty by the federal government, a residential mortgage loan may not be assigned to or assumed by a person not qualified under the appropriate Administration program if the residential mortgage loan is:
(1)
a new loan that the Administration purchases or in which the Administration purchases an interest;
(2)
a loan made with the proceeds of purchase by the Administration of a residential mortgage; or
(3)
a loan made with the proceeds of a loan from the Administration to a mortgage lender.