Md. Code, Housing and Community Development § 3-204
This is the official text of Md. Code, Housing and Community Development § 3-204, part of Maryland’s Code, Housing and Community Development — governs housing programs and community development.
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§3–204.
Official statutory text
Insurance, a guarantee, or other credit enhancement provided under this subtitle:
(1) does not pledge the faith, credit, or taxing power of the State or the Department; and
(2) is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.
(1) does not pledge the faith, credit, or taxing power of the State or the Department; and
(2) is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.
Status: in_force · Read it on the official government site
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