Maryland Housing and Community Development Section 4-908

Article - Housing and Community Development

§ 4-908.

      The Department may:

            (1)      limit the return on equity allowed to, or enter into equity participation agreements with, sponsors and nonprofit sponsors;

            (2)      require and obtain appraisals, credit and title information, and other information related to making Program loans;

            (3)      contract for services relating to any aspect of the operation of the Program under the procedures required by law for State contracts; and

            (4)      charge and collect:

                  (i)      reasonable application and processing fees; and

                  (ii)      other charges, fees, or reimbursements incidental to Program loans.



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