Md. Code Regs. 05.04.06.10

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

Section 05.04.06.10 - Loan and Grant Application Process

A. Application Procedures In General. The Department shall establish application procedures for local administrators to follow. These procedures may be amended from time to time and shall be binding on all applicants. Alternative procedures may not be used without the prior approval of the Department.

B. Application Forms. All loan and grant applications shall be made upon standard forms described by the Department.

C. Application Fee. Upon submission of a loan or grant application, the applicant may be required to pay an application fee in an amount set by the local administrator, subject to approval by the Department.

D. Documentation.

(1) The applicant shall submit with the application any documentation that the Department requires.

(2) The applicant ;may submit supporting documentation specified in the checklist attached to the application, including but not limited to, the following:

(a) A copy of the deed to the property;

(b) A copy of the first page and declarations page of all policies for fire and extended coverage insurance and, if applicable, flood insurance;

(c) A copy of the most recent real estate tax bill which sets forth the current assessed value of the building and the property;

(d) A copy of lead-testing results and any inspection reports for the property;

(e) Contractor's proposal outlining the cost and proposed lead hazard reduction activity to achieve compliance with MDE regulations; and

(f) Evidence that the property is registered as required under the Lead Poisoning Prevention Program.

(3) A loan applicant shall submit the following additional documentation:

(a) Any documentation required by the Department to establish the eligibility and creditworthiness of the applicant;

(b) For the 1 year immediately preceding the application:

(i) Copies of federal income tax returns; or

(ii) Sufficient documentation to verify income as determined by the Program.

(4) In addition, an owner-landlord applicant shall submit the following documentation:

(a) If applicable, certified copies of the organizational documents of the owner-landlord and a certificate of good standing;

(b) If applicable, resolutions of the board of directors or consents of all of the partners authorizing the application;

(c) Photographs of the building and site;

(d) For secured loans, evidence that the property is a separate subdivided lot and a separate tax lot, if the building is nonresidential or has more than four dwelling units; and

(e) Evidence of zoning compliance.

Md. Code Regs. 05.04.06.10

Regulations .10 adopted as an emergency provision effective August 28, 1986 (13:20 Md. R. 2197); emergency status extended at 14:2 Md. R. 123; emergency status expired March 1, 1987
Regulations .10 adopted effective March 1, 1987 (14:4 Md. R. 414)
Regulations .10 adopted effective October 12, 1992 (19:20 Md. R. 1813)
Regulations .10, Residential Lead Paint Abatement Program, repealed and new Regulations .10, Lead Hazard Reduction Grant and Loan Program, adopted effective February 24, 1997 (24:4 Md. R. 290)
Regulation .10D amended effective April 16, 2001 (28:7 Md. R. 688); March 7, 2011 (38:5 Md. R. 317)