Md. Code Regs. 05.03.05.11
Current through Register Vol. 51, No. 24, December 2, 2024
A borrower who knowingly makes or causes to be made any material misstatement or material omission of fact, whether in the nature of an understatement or overstatement of financial condition or any other fact material to the Department's action, in any statement or report in or regarding an application for a loan, a borrower recertification, or an equity payment request, or affecting an equity payment already made, shall be 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. 05.03.05.11
Regulations .11 adopted effective December 11, 1989 (16:24 Md. R. 2616)