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, shall be 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, §4-806(a)(4), Annotated Code of Maryland

Effective date: October 8, 1984 (11:20 Md. R. 1741)

Chapter recodified from COMAR 05.01.16 to COMAR 05.03.03

Chapter (Homeowners' Emergency Assistance Program) repealed effective

April 30, 1990 (17:8 Md. R. 975)

Regulations .01—.15 (Emergency Mortgage Assistance Program) adopted

effective April 30, 1990 (17:8 Md. R. 975)

Regulation .05A amended effective January 2, 1993 (19:26 Md. R. 2283)