Md. Code Regs. 05.03.04.13

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.03.04.13 - False Statements

A borrower who knowingly makes or causes to be made a false statement or report, whether in the nature of an understatement or overstatement of financial condition or any other fact material to the Department's action, shall be subject to immediate acceleration of the loan, in addition to the criminal penalties authorized by Housing and Community Development Article, § 4-309, Annotated Code of Maryland.

Regulations .13 adopted as an emergency provision effective December 13, 1988 (15:27 Md. R. 3114); emergency status extended at 16:12 Md. R. 1331; emergency status expired October 31, 1989
Regulations .13 adopted effective December 11, 1989 (16:24 Md. R. 2616)