Md. Code Regs. 05.13.04.04

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

Section 05.13.04.04 - Eligible Lender; Inspection of Lender Files by Department

A. A lender is eligible to participate in the Program upon entering into a participation agreement with the Department that governs the duties of the Department and the lender under the Program. Each participation agreement shall specify that the enrollment of the lender's loans under the Program does not pledge the faith, credit, or taxing power of the State, the Department, the Program, or the Fund.

B. The lender shall provide the Department with the information regarding the lender's participation in the Program that the Department reasonably requires. Upon notice to the lender, and during normal business hours of the lender, the Department may inspect the files of the lender relating to any loans enrolled under the Program.