Md. Code, Hous. & Cmty. Dev. § 4-814

Current with changes from the 2024 Legislative Session

Section 4-814 - Preferred interest rate mortgage

To qualify for a preferred interest rate loan to refinance an existing home under § 4-804(1) of this subtitle, an applicant shall:

(1) be unable to keep payments current on the applicant's home mortgage because of exceptional adverse personal or economic circumstances; and

(2) risk forfeiting title to the applicant's home.

Md. Code, HU § 4-814