Md. Code Regs. 05.03.01.19

Current through Register Vol. 51, No. 24, December 2, 2024
Section 05.03.01.19 - False Statements

A borrower who knowingly makes or causes to be made any material statement or material misstatement of fact, whether in the nature of an understatement or overstatement of financial condition or any other fact material to the Department's action, is subject to immediate acceleration of the loan, in addition to the criminal penalties authorized by Housing and Community Development Article, § 4-816, Annotated Code of Maryland.

Md. Code Regs. 05.03.01.19

Regulations .19 amended effective September 1, 1974 (1:2 Md. R. 112)
Regulations .19 amended effective July 23, 1975 (2:16 Md. R. 1138)