Md. Code, Hous. & Cmty. Dev. § 3-204

Current with changes from the 2024 Legislative Session

Section 3-204 - Insurance, guarantees, and other credit enhancements

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.

Md. Code, HU § 3-204