§ 4–908
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 4-908 (2026)
Title 4. Division of Development Finance
Subtitle 9. Maryland Housing Rehabilitation Program
§ 4–908LinkCopy Citation
The Department may:
(1)
limit the return on equity allowed to, or enter into equity participation agreements with, sponsors and nonprofit sponsors;
(2)
require and obtain appraisals, credit and title information, and other information related to making Program loans;
(3)
contract for services relating to any aspect of the operation of the Program under the procedures required by law for State contracts;
(4)
charge and collect:
(i)
reasonable application and processing fees; and
(ii)
other charges, fees, or reimbursements incidental to Program loans; and
(5)
if necessary, limit the cumulative outstanding debt for Program loans made to a trust described in 42 U.S.C. § 1396p(d)(4) to preserve the ongoing financial viability of the Program.