A loan may be used to pay up to 100 percent of the following types of settlement expenses:

1. A. Fees or premiums for title examination, title insurance, or similar expenses;
2. B. Fees for preparation of a deed, settlement statement, or other documents;
3. C. Payments owed at the time of settlement for property taxes or hazard insurance coverage;
4. D. Escrows for future payments of taxes and hazard insurance;
5. E. Fees for notarizing deeds and other documents;
6. F. Appraisal fees;
7. G. Fees for credit reports;
8. H. Transfer and recordation taxes and fees;
9. I. Fees or premiums for mortgage insurance;
10. J. Loan discount points and origination fees;
11. K. Down payments;
12. L. Up to 30 days' worth of prepaid interest;
13. M. Home inspection fee; and
14. N. Other settlement expenses as may be approved by the Program before the loan closing.

Authority: Housing and Community Development Article, Title 4, Subtitle 3, Annotated Code of Maryland

Effective date:

Regulations .01—.14 adopted as an emergency provision effective December 13, 1988 (15:27 Md. R. 3114); emergency status extended at 16:12 Md. R. 1331; emergency status expired October 31, 1989

Regulations .01—.14 adopted effective December 11, 1989 (16:24 Md. R. 2616)

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

Regulation .04 amended effective February 1, 1993 (20:2 Md. R. 110)

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

Regulation .06 amended as an emergency provision effective December 8, 1995 (22:26 Md. R. 2024); amended permanently effective July 1, 1996 (23:13 Md. R. 939)

Regulation .07 amended effective February 1, 1993 (20:2 Md. R. 110)

Regulation .07B amended as an emergency provision effective December 8, 1995 (22:26 Md. R. 2024); amended permanently effective July 1, 1996 (23:13 Md. R. 939)

Regulation .09 amended effective February 1, 1993 (20:2 Md. R. 110)

Chapter revised effective October 16, 2000 (27:20 Md. R.1838)

Regulation .05A amended effective October 13, 2003 (30:20 Md. R. 1447)

Regulation .07A amended effective December 1, 2008 (35:24 Md. R. 2075)

Regulation .09E adopted effective December 1, 2008 (35:24 Md. R. 2075)