Insurance, a guarantee, or other credit enhancement provided under this subtitle:
(1) does not pledge the faith, credit, or taxing power of the State or the Department; and
(2) is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 3 - Division of Credit Assurance
Subtitle 2 - Maryland Housing Fund
Section 3-203 - Maryland Housing Fund
Section 3-204 - Insurance, Guarantees, and Other Credit Enhancements
Section 3-205 - Powers of Department
Section 3-206 - Eligibility Standards for Insurance and Credit Enhancements