# Housing and Community Development (GHS)

## Title 4. Division of Development Finance

### Subtitle 8. Maryland Home Financing Program

#### Section 4-805

The Department may:

(1) contract for services related to the Program;

(2) contract with private mortgage servicers to perform on behalf of the Department functions the servicers ordinarily perform, including foreclosure and employment of counsel;

(3) require payment of a nonrefundable application fee;

(4) purchase or commit to purchase from mortgage lenders notes or mortgages that meet the requirements of this subtitle, any regulations adopted under it, and appropriate Program directives; and

(5) without approval or execution by the Board of Public Works:

  (i) assign a mortgage for value;

  (ii) release a mortgage;

  (iii) foreclose a mortgage;

  (iv) acquire property that secures a loan in default;

  (v) encumber, sell, or otherwise dispose of property acquired in connection with a loan in default;

  (vi) sell a loan at a discount or on other terms acceptable to the Department;

  (vii) transfer to the Fund money received on the sale of a loan under item (vi) of this item; and

  (viii) repurchase or pay the cost of servicing a loan that has been sold under item (vi) of this item with money in the Fund and on terms acceptable to the Department.

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