There is a newer version of the Maryland Code
2013 Maryland Code
HOUSING AND COMMUNITY DEVELOPMENT
§ 4-812 - Eligibility for loan -- Reverse equity loans
MD House & Comm Dev Code § 4-812 (2013) What's This?
§4-812.
To qualify for a reverse equity loan under § 4-804(5) of this subtitle, an applicant shall:
(1) be at least 62 years old when the loan closes; and
(2) need financial assistance with housing-related expenses or personal expenses that enable the owner to continue to occupy the home.
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