A borrower who knowingly makes or causes to be made any material statement or material misstatement of fact, whether in the nature of an understatement or overstatement of financial condition or any other fact material to the Department's action, is subject to immediate acceleration of the loan, in addition to the criminal penalties authorized by Housing and Community Development Article, §4-816, Annotated Code of Maryland.

Authority: Housing and Community Development Article, §§4-803—4-806; State Finance and Procurement Article, §§5-7B-01—5-7B-10; Annotated Code of Maryland
Executive Orders 01.01.1992.27C and 01.01.1998.04

Effective date: April, 1973

Regulations .01—.20 amended effective September 1, 1974 (1:2 Md. R. 112)

Regulations .01—.20 amended effective July 23, 1975 (2:16 Md. R. 1138)

Regulation .03F amended effective April 13, 1977 (4:8 Md. R. 632)

Regulation .03H adopted effective April 13, 1977 (4:8 Md. R. 632)

Regulation .04D amended effective April 13, 1977 (4:8 Md. R. 632)

Chapter recodified from COMAR 05.01.04 to COMAR 05.03.01

Regulations .01, .03, .04, .07—.11, and .13—.15 amended and new Regulation .17 adopted as an emergency provision effective January 25, 1989 (16:3 Md. R. 334); emergency status expired July 25, 1989; adopted permanently effective August 7, 1989 (16:15 Md. R. 1650)

Regulation .05 amended effective January 8, 1990 (16:26 Md. R. 2786)

Chapter, Maryland Home Financing Program, repealed effective July 22, 1991 (18:14 Md. R. 1609)

Regulations .01—.17 under a new chapter, Preferred Interest Rate Loan Program, adopted effective July 22, 1991 (18:14 Md. R. 1609)

Regulation .03B amended effective February 1, 1993 (20:2 Md. R. 110)

Regulation .04 amended effective February 1, 1993 (20:2 Md. R. 110); January 21, 2002 (29:1 Md. R. 20)

Regulation .05 amended effective February 1, 1993 (20:2 Md. R. 110)

Regulation .06C amended effective February 1, 1993 (20:2 Md. R. 110)

Regulation .10A and G amended effective February 1, 1993 (20:2 Md. R. 110)

Regulation .12 amended effective February 1, 1993 (20:2 Md. R. 110)

Regulation .14 amended effective January 2, 1994 (20:25 Md. R. 1941); January 21, 2001 (29:1 Md. R. 20)

Chapter revised effective August 5, 2002 (29:15 Md. R. 1141)

Regulation .04A amended effective October 13, 2003 (30:20 Md. R. 1447)

Regulation .15E amended effective October 13, 2003 (30:20 Md. R. 1447)