§ 4-236
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/md/housing-and-community-development/4-236·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–236.
In carrying out this section and §§ 4-237 through 4-241 of this subtitle, the Administration may not make a loan to a mortgage lender or purchase a mortgage loan from a mortgage lender unless the mortgage lender is:
(1)a bank, trust company, savings institution, savings and loan association, national bank association, mortgage banker, or other financial institution that:
(i)has an office in the State; and
(ii)makes or originates residential mortgage loans;
(2)an insurance company authorized to do business in the State; or
(3)the Maryland Home Financing Program.