§ 3-206. Eligibility standards for insurance and credit enhancements
West's Annotated Code of MarylandHousing and Community DevelopmentEffective: July 1, 2016
Effective: July 1, 2016
MD Code, Housing & Community Development, § 3-206
§ 3-206. Eligibility standards for insurance and credit enhancements
(a) In offering insurance and other forms of credit enhancement, the Department shall adopt eligibility standards that are reasonable to aid in:
(b) The standards adopted under subsection (a) of this section shall ensure that a lender benefiting from insurance or other credit enhancement provided by the Department is responsible and able to service the loan.
(c) A determination by the Secretary is conclusive if it relates to the eligibility of a project, facility, or undertaking for:
Credits
Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2016, c. 482, § 2, eff. July 1, 2016.
MD Code, Housing & Community Development, § 3-206, MD HOUS & CMTY DEV § 3-206
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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