Md. Code Regs. 05.06.01.02

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

Section 05.06.01.02 - Scope

A. Mortgage loans secured by residential multifamily real property may be insured by the Maryland Housing Fund under its Multifamily Insurance Reserve and these regulations.

B. The Multifamily Insurance Reserve is governed by the Multifamily Insurance Agreement, as may be amended, by and between the Fund and the Community Development Administration.

C. The Multifamily Reserve backs the insurance of multifamily loans under these regulations, and in addition backs the insurance of loans made under the multifamily Home and Energy Loan Program, COMAR 05.04.10, and the Special Housing Opportunity Program, COMAR 05.04.11.

Md. Code Regs. 05.06.01.02

Regulation .02 amended effective November 14, 1988 (15:23 Md. R. 2657)
Regulations .02 amended as an emergency provision effective April 30, 1991 (18:10 Md. R. 1114)
Regulation .02B amended effective September 16, 1991 (18:18 Md. R. 2003)
Chapter, Maryland Housing Fund, repealed and Regulations.02, Maryland Housing Fund-Multifamily Program, adopted effective December 5, 1994 (21:24 Md. R. 1987)
Regulations .02 amended effective 41:19 Md. R. 1076, eff.9/29/2014