(a) The Department shall adopt regulations to carry out the Program.
(b) The regulations shall provide for:
(1) applications for money from the Fund;
(2) standards of eligibility, terms, and fees;
(3) charges that shall be imposed on Program loans; and
(4) the recapture of money of the Fund from a borrower that does not use the money in a timely manner.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 4 - Division of Development Finance
Subtitle 4 - Rental Housing Program
Section 4-402 - Program Established
Section 4-404 - Duties of Department and Secretary
Section 4-405 - Funding Requests
Section 4-407 - Qualifying Projects
Section 4-408 - Review of Application for Program Loans