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Maryland Code, Housing and Community Development § 4-241

Current as of January 01, 2025 | Updated by Findlaw Staff

Except as required to qualify for insurance or guaranty by the federal government, a residential mortgage loan may not be assigned to or assumed by a person not qualified under the appropriate Administration program if the residential mortgage loan is:

(1) a new loan that the Administration purchases or in which the Administration purchases an interest;

(2) a loan made with the proceeds of purchase by the Administration of a residential mortgage; or

(3) a loan made with the proceeds of a loan from the Administration to a mortgage lender.

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Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 4-241 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-4-241/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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