Code of Maryland Regulations
Title 05 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Subtitle 06 - HOUSING INSURANCE
Chapter 05.06.06 - Single Family Insurance Program
Section 05.06.06.08 - Eligible Lenders
Current through Register Vol. 51, No. 6, March 22, 2024
A. A lender shall meet the eligibility requirements of §B or C of this regulation in order to be approved for mortgage insurance issued by the Fund under the Fund master policy for primary mortgage insurance.
B. The Fund will approve mortgage lenders that execute a certification that they are:
C. Any for-profit entity, nonprofit entity, or public agency which, in the opinion of the Fund, has as a primary or substantial function of its operation the making of residential mortgages, can be approved if it:
D. A servicer of a Fund-insured loan, whether the lender or its agent, shall comply with the loan servicing requirements contained in the Fund's servicing manual. Failure to comply with these requirements may result in denial or withdrawal of the Fund's approval to service the Fund-insured loans.