A borrower who knowingly makes or causes to be made any false 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 Administration's action, shall be subject to immediate acceleration of the loan, in addition to the criminal penalties authorized by Housing and Community Development Article, §4-225, Annotated Code of Maryland.

Authority: Housing and Community Development Article, Title 4, Subtitle 2, Annotated Code of Maryland;
Executive Order 01.01.1992.27C

Effective date: January 20, 1992 (19:1 Md. R. 23)

Regulation .02B amended effective July 30, 2007 (34:15 Md. R. 1349)

Regulation .04D, E amended effective July 30, 2007 (34:15 Md. R. 1349)

Regulation .06 amended effective January 2, 1994 (20:25 Md. R. 1941)

Regulation .07A amended effective July 30, 2007 (34:15 Md. R. 1349)

Regulation .08C amended effective July 30, 2007 (34:15 Md. R. 1349)

Regulation .09 amended effective July 30, 2007 (34:15 Md. R. 1349)

Regulation .10A amended effective January 2, 1994 (20:25 Md. R. 1941)