Code of Maryland Regulations
Title 05 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Subtitle 13 - NEIGHBORHOOD BUSINESS DEVELOPMENT
Chapter 05.13.04 - Capital Access Program
Section 05.13.04.05 - No Legal or Equitable Interest by Department
Universal Citation: MD Code Reg 05.13.04.05
Current through Register Vol. 51, No. 6, March 22, 2024
Except upon the exercise of the Department's right of subrogation under this chapter, the Department has no legal or equitable interest in any collateral, security, or other right of recovery in connection with any loan enrolled in the Program, and the Department's consent is not necessary for any amendment to the lender's loan documents.
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