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§ 4-308. Homebuyer education

West's Annotated Code of MarylandHousing and Community DevelopmentEffective: October 1, 2018

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 4. Division of Development Finance (Refs & Annos)
Subtitle 3. Down Payment and Settlement Expense Loan Program (Refs & Annos)
Effective: October 1, 2018
MD Code, Housing & Community Development, § 4-308
§ 4-308. Homebuyer education
Currentness
Duty of Program loan recipient
(a) Subject to subsection (b) of this section, a recipient of a Program loan shall complete homebuyer education that meets the requirements of the Department.
Requirements of Department’s homebuyer education
(b) The Department's homebuyer education requirements shall:
(1) allow a Program loan recipient to use the online homebuyer education for a HUD-approved product and contact a HUD-approved counseling agency to receive a certificate; and
(2) enable one political subdivision's certificate to be used in another political subdivision.
Applicability of subtitle
(c) This subtitle does not alter or preempt the authority of a political subdivision to establish homebuyer education or counseling requirements for a down payment assistance program operated by the political subdivision.

Credits

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2018, c. 104, § 1, eff. Oct. 1, 2018.
MD Code, Housing & Community Development, § 4-308, MD HOUS & CMTY DEV § 4-308
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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