Maryland Housing and Community Development Section 7-307

Article - Housing and Community Development

§ 7-307.

      The person responsible for the closing of a real estate transaction shall file with the Department a written statement, made and signed by the owner under the penalties of perjury, that the transaction complies with this title, if the transaction includes:

            (1)      a sale or conveyance of an assisted project or the real property associated with it, and:

                  (i)      is a protected action; or

                  (ii)      occurred within 10 years after a protected action for which the owner failed to comply with this title; or

            (2)      a release of:

                  (i)      a mortgage secured by an assisted project; or

                  (ii)      a regulatory agreement or other document executed in connection with the mortgage that restricts the income levels of the tenants or the rental rates of the assisted project.



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