<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".10" citation="COMAR 05.03.05.10" title_num="05" subtitle_num="03" chapter_num="05" heading="Program Administration.">
  <paragraph num="A.">
    <text>Forms and Documentation. The application and the loan documents shall be made upon standard forms prescribed by the Program.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Application Fee. The Program may require an application fee for processing the loan.</text>
  </paragraph>
  <paragraph num="C.">
    <text>Program Fund Allocations. It is the intent of the Department that Program funds be distributed Statewide to eligible applicants and borrowers. At the discretion of the Department, the Program may:</text>
    <paragraph num="(1)">
      <text>Make Program funds available on a first come, first served basis;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Give priority to a loan applicant or borrower whom the Program, in its discretion, determines:</text>
      <paragraph num="(a)">
        <text>Is in imminent danger of losing title to the home or having to vacate the home for medical or safety reasons,</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Has no alternative source of funds to alleviate the problem, and</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Whose problem can be alleviated by a Program loan;</text>
      </paragraph>
    </paragraph>
    <paragraph num="(3)">
      <text>Give priority, among eligible loan applicants, to those with less income or fewer assets, or both; or</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Use Program funds in a combination of §C(1)—(3), above.</text>
    </paragraph>
  </paragraph>
  <paragraph num="D.">
    <text>Procedures. The Department shall establish procedures for operating the Program which may include:</text>
    <paragraph num="(1)">
      <text>Internal operating procedures for making loans directly; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Procedures for directing financial institutions to make loans on behalf of the Department.</text>
    </paragraph>
  </paragraph>
  <paragraph num="E.">
    <text>Delegation of Authority. An action or decision required or permitted to be taken or made by the Department pursuant to the Act or these regulations, except for actions where the Secretary is designated, may be taken by the Director of the Division of Housing Finance of the Department, or the Director's designee.</text>
  </paragraph>
</regulation>