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§ 9-404. Methods of providing assistance

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 9. Community Reinvestment Fund (Refs & Annos)
Subtitle 4. Reinvestment Assistance (Refs & Annos)
MD Code, Housing & Community Development, § 9-404
§ 9-404. Methods of providing assistance
Currentness
To provide community reinvestment assistance, the Board may:
(1) invest in, purchase, make commitments to purchase, or take assignments from mortgage lenders of notes and mortgages evidencing mortgage loans;
(2) act as a guarantor or conduit for mortgage backed securities;
(3) make loans to recipients of community reinvestment assistance or to mortgage lenders;
(4) sell at public or private sale mortgages, loans, or other obligations held by the Fund;
(5) purchase, make, participate in making, or enter into commitments to purchase loans;
(6) package and sell loans; and
(7) do anything else authorized by the organizational documents of the Fund.

Credits

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.
MD Code, Housing & Community Development, § 9-404, MD HOUS & CMTY DEV § 9-404
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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