Code of Maryland Regulations
Title 05 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Subtitle 04 - SPECIAL LOAN PROGRAMS
Chapter 05.04.01 - Maryland Housing Rehabilitation Program - Regular Rehabilitation Program
Section 05.04.01.11 - Loan Closing
Current through Register Vol. 50, No. 25, December 15, 2023
A. Time and Place. The loan closing shall be scheduled at a time acceptable to the applicant and the local administrator through a closing officer serving the applicant's area and otherwise acceptable to the local administrator.
B. Loan Documents.
C. Charges and Fees. The Department or the local administrator may charge and collect from the borrower reasonable and customary amounts acceptable to the Department for the following items:
D. Points. Points may not be charged to the applicant on any loan under the program.
E. Mortgageable Items.
F. Taxes and Assessments. Taxes and assessments against the property which are due and payable shall be paid at or before closing.
Regulations .11 amended
effective February 11, 1985 (12:3 Md. R. 243)
Regulations .11
adopted effective July 22, 1991 (18:14 Md. R. 1609)
Regulations .11
amended effective November 9, 1992 (19:22 Md. R. 1986)
Regulation
.11E amended effective September 29, 2003 (30:19 Md. R. 1329)