Md. Code, Housing and Community Development § 4-241
This is the official text of Md. Code, Housing and Community Development § 4-241, part of Maryland’s Code, Housing and Community Development — governs housing programs and community development.
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§4–241.
Official statutory text
Except as required to qualify for insurance or guaranty by the federal government, a residential mortgage loan may not be assigned to or assumed by a person not qualified under the appropriate Administration program if the residential mortgage loan is:
(1) a new loan that the Administration purchases or in which the Administration purchases an interest;
(2) a loan made with the proceeds of purchase by the Administration of a residential mortgage; or
(3) a loan made with the proceeds of a loan from the Administration to a mortgage lender.
(1) a new loan that the Administration purchases or in which the Administration purchases an interest;
(2) a loan made with the proceeds of purchase by the Administration of a residential mortgage; or
(3) a loan made with the proceeds of a loan from the Administration to a mortgage lender.
Status: in_force · Read it on the official government site
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