In this chapter, the following terms have the meanings indicated. Terms Defined. “Act” means Housing and Community Development Article, Title 3, Subtitle 2, Annotated Code of Maryland, as amended. “Closing costs (financing)” means the credit report fee, survey fee, title examination, loan origination fee, title insurance fee, mortgage application fee, and the cost of the home inspection required in Regulation .04F of this chapter. “Closing costs (title)” means the attorney's fee, documentation and preparation fee, recording fee, State and local transfer tax, and documentary stamps. “Department” means the Department of Housing and Community Development. “Designated revitalization area” means an area within the State designated by the Secretary as a revitalization area, taking into account the operation in that area of a nonprofit housing agency or a nonprofit financial or housing counseling agency. “M.H.F.” means the Maryland Housing Fund, and, when appropriate, its authorized officers or personnel. Mortgage. “Mortgage” means a written instrument evidencing or creating a lien against real property to provide collateral to secure the repayment of a debt. “Mortgage” includes a deed of trust. “Mortgagee” means the original lender under a mortgage and its successors and assigns. “Mortgagor” means the original borrower under a mortgage and the borrower's successors and assigns by operation of law or as approved by the Fund. Nonprofit Entity. “Nonprofit entity” means any organization exempt from taxation under the Internal Revenue Code of the United States, §501(c). “Nonprofit entity” includes local development agencies and local development corporations, as defined in Housing and Community Development Article, §4-201, Annotated Code of Maryland, and organizations exempt by reason of charitable or public purpose. “Nonprofit entity” does not include limited dividend corporations or partnerships. “Prepaid expenses” means taxes, ground rent, hazard insurance, and M.H.F. premiums to be paid at closing. “Property” means an owner-occupied, one- to four-family residential property which meets the applicable standards set forth in Regulation .04B of this chapter. “Secretary” means the Secretary of Housing and Community Development or the Secretary's designee.