A borrower who knowingly makes or causes to be made a false statement or report, 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, §4-309, Annotated Code of Maryland.

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)