§ 4–811

Statutes in effect as of October 1, 2026.

Md. Code Ann., Hous. & Cmty. Dev. § 4-811 (2026)

Title 4. Division of Development Finance

Subtitle 8. Maryland Home Financing Program

(a)

To qualify for an emergency assistance loan made under § 4-804(4) of this subtitle, an applicant:

(1)

shall be unable to keep payments current on the applicant’s home mortgage because of unforeseeable adverse personal or economic circumstances;

(2)

shall be at risk of forfeiting title to the applicant’s home; and

(3)

reasonably may be expected to resume regular mortgage payments within 24 months after the first mortgage assistance payment is provided.

(b)

For an emergency assistance loan under § 4-804(4) of this subtitle:

(1)

the Department shall consider the amount of equity in the property; and

(2)

the loan may not exceed an amount equal to 36 payments of principal and interest on all superior liens, plus:

(i)

late fees;

(ii)

taxes;

(iii)

insurance payments; and

(iv)

other payments needed for the loan to be current.