§ 7-307
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/md/housing-and-community-development/7-307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–307.
The person responsible for the closing of a real estate transaction shall file with the Department a written statement, made and signed by the owner under the penalties of perjury, that the transaction complies with this title, if the transaction includes:
(1)a sale or conveyance of an assisted project or the real property associated with it, and:
(i)is a protected action; or
(ii)occurred within 10 years after a protected action for which the owner failed to comply with this title; or
(2)a release of:
(i)a mortgage secured by an assisted project; or
(ii)a regulatory agreement or other document executed in connection with the mortgage that restricts the income levels of the tenants or the rental rates of the assisted project.