§ 3-204
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/md/housing-and-community-development/3-204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–204.
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.