# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 13 — Neighborhood Business Development

### Chapter 04 — Capital Access Program

#### Regulation .06 Creation of Reserve Account.

*COMAR 05.13.04.06*

Upon execution of a participation agreement between the Department and the lender, the Department shall establish a federally insured reserve account with the lender in the name of the Department, for the purpose of receiving all:

A. Required premium charges to be paid by the lender and the borrower;

B. Transfers made by the Department under this chapter.