Md. Code Regs. 05.13.07.10

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

Section 05.13.07.10 - Program Administration

A. The Administration may establish from time to time detailed Program guidelines containing underwriting standards, processing requirements, and other requirements or matters relating to providing financial assistance.

B. The Department may charge and collect from an applicant or recipient of financial assistance under this title:

(1) Origination, application, and processing fees; and

(2) Any other charges, fees, or reimbursements incidental to a project application or providing financial assistance.

C. The Department shall ensure that Program guidelines, fee information, and application forms are publically available on its website and at its offices.

D. The Administration may:

(1) Sell, assign, or otherwise dispose of all or a portion of any Program loan or revenue from a loan on terms and conditions acceptable to the Administration; and

(2) Pledge a program loan as security for any:

(a) Business project loan, bond, or security that is issued, made, or purchased by Administration under Housing and Community Development Article, Title 4, Subtitle 2, Annotated Code of Maryland; or

(b) Insurance, guaranty, or credit enhancement on a program loan or bond issued to fund a program loan.

Md. Code Regs. 05.13.07.10

Regulation .10 adopted effective 47:14 Md. R. 674, eff. 7/16/2020