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§ 7-307. Owner's sworn statement of compliance

West's Annotated Code of MarylandHousing and Community Development

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 7. Assisted Housing Preservation Act (Refs & Annos)
Subtitle 3. Rights and Duties (Refs & Annos)
MD Code, Housing & Community Development, § 7-307
§ 7-307. Owner's sworn statement of compliance
Currentness
The person responsible for the closing of a real estate transaction shall file with the Department a written statement, made and signed by the owner under the penalties of perjury, that the transaction complies with this title, if the transaction includes:
(1) a sale or conveyance of an assisted project or the real property associated with it, and:
(i) is a protected action; or
(ii) occurred within 10 years after a protected action for which the owner failed to comply with this title; or
(2) a release of:
(i) a mortgage secured by an assisted project; or
(ii) a regulatory agreement or other document executed in connection with the mortgage that restricts the income levels of the tenants or the rental rates of the assisted project.

Credits

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.
MD Code, Housing & Community Development, § 7-307, MD HOUS & CMTY DEV § 7-307
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.
End of Document