Maryland Housing and Community Development Section 4-240
Code Resources
Maryland Resources
Maryland Website
Maryland Governor
Maryland Legislature
Maryland Courts
Search this Code
in Google Scholar
on the Web
Google Web Search
MSN Web Search
Yahoo! Web Search
in the News
Google News Search
Google News Archive Search
Yahoo! News Search
in the Blogs
BlawgSearch.com Search
Google Blog Search
Technorati Blog Search
in other Databases
Google Book Search
§ 4-240.
(a) A mortgage lender shall make a certificate under this section for every residential mortgage loan that the lender makes under a purchase commitment by the Administration with:
(1) the proceeds of purchase of a mortgage loan by the Administration; or
(2) the proceeds of a loan from the Administration.
(b) The certificate shall state that in the mortgage lender's opinion, based on information given by the mortgagor and on the lender's knowledge of the prevailing terms and standards of mortgage lending in the area, the mortgagor could not get a mortgage loan on the property in the unassisted private lending market.