# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 03 — Homeownership Programs

### Chapter 04 — Downpayment and Settlement Expense Loan Program

#### Regulation .06 Loan Purposes.

*COMAR 05.03.04.06*

A loan may be used to pay up to 100 percent of the following types of settlement expenses:

A. Fees or premiums for title examination, title insurance, or similar expenses;

B. Fees for preparation of a deed, settlement statement, or other documents;

C. Payments owed at the time of settlement for property taxes or hazard insurance coverage;

D. Escrows for future payments of taxes and hazard insurance;

E. Fees for notarizing deeds and other documents;

F. Appraisal fees;

G. Fees for credit reports;

H. Transfer and recordation taxes and fees;

I. Fees or premiums for mortgage insurance;

J. Loan discount points and origination fees;

K. Down payments;

L. Up to 30 days' worth of prepaid interest;

M. Home inspection fee; and

N. Other settlement expenses as may be approved by the Program before the loan closing.