§ 4-908
115 words·~1 min read·
/md/housing-and-community-development/4-908·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–908.
The Department may:
(1)limit the return on equity allowed to, or enter into equity participation agreements with, sponsors and nonprofit sponsors;
(2)require and obtain appraisals, credit and title information, and other information related to making Program loans;
(3)contract for services relating to any aspect of the operation of the Program under the procedures required by law for State contracts;
(4)charge and collect:
(i)reasonable application and processing fees; and
(ii)other charges, fees, or reimbursements incidental to Program loans; and
(5)if necessary, limit the cumulative outstanding debt for Program loans made to a trust described in 42 U.S.C. § 1396p(d)(4) to preserve the ongoing financial viability of the Program.