Md. Code Regs. 05.13.04.05

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

Section 05.13.04.05 - No Legal or Equitable Interest by Department

Except upon the exercise of the Department's right of subrogation under this chapter, the Department has no legal or equitable interest in any collateral, security, or other right of recovery in connection with any loan enrolled in the Program, and the Department's consent is not necessary for any amendment to the lender's loan documents.