§ 9–404
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 9-404 (2026)
Title 9. Community Reinvestment Fund
Subtitle 4. Reinvestment Assistance
§ 9–404LinkCopy Citation
To provide community reinvestment assistance, the Board may:
(1)
invest in, purchase, make commitments to purchase, or take assignments from mortgage lenders of notes and mortgages evidencing mortgage loans;
(2)
act as a guarantor or conduit for mortgage backed securities;
(3)
make loans to recipients of community reinvestment assistance or to mortgage lenders;
(4)
sell at public or private sale mortgages, loans, or other obligations held by the Fund;
(5)
purchase, make, participate in making, or enter into commitments to purchase loans;
(6)
package and sell loans; and
(7)
do anything else authorized by the organizational documents of the Fund.