Md. Code, Hous. & Cmty. Dev. § 4-812

Current with changes from the 2024 Legislative Session

Section 4-812 - Eligibility for loan - Reverse equity loans

To qualify for a reverse equity loan under § 4-804(5) of this subtitle, an applicant shall:

(1) be at least 62 years old when the loan closes; and

(2) need financial assistance with housing-related expenses or personal expenses that enable the owner to continue to occupy the home.

Md. Code, HU § 4-812