# Housing and Community Development (GHS)

## Title 4. Division of Development Finance

### Subtitle 4. Rental Housing Program

#### Section 4-410

(a) If a Program loan is secured by a mortgage, the Department may:

  (1) enforce the mortgage;

  (2) foreclose on the mortgage and take title to the mortgaged property or take deed in lieu of foreclosure;

  (3) convey title to a purchaser;

  (4) obtain and enforce a deficiency judgment;

  (5) allow assumption of the mortgage; and

  (6) contract with a private mortgage servicer to perform on behalf of the Department any functions a servicer ordinarily performs.

(b) Without approval or execution by the Board of Public Works, the Department may:

  (1) assign a mortgage for value; or

  (2) convey property after acquisition.

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