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Current as of January 01, 2025 | Updated by Findlaw Staff
To provide community reinvestment assistance, the Board may:
(1) invest in, purchase, make commitments to purchase, or take assignments from mortgage lenders of notes and mortgages evidencing mortgage loans;
(2) act as a guarantor or conduit for mortgage backed securities;
(3) make loans to recipients of community reinvestment assistance or to mortgage lenders;
(4) sell at public or private sale mortgages, loans, or other obligations held by the Fund;
(5) purchase, make, participate in making, or enter into commitments to purchase loans;
(6) package and sell loans; and
(7) do anything else authorized by the organizational documents of the Fund.
Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 9-404 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-9-404/
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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