A sponsor 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, is subject to immediate acceleration of the loan, in addition to the criminal penalties authorized by Housing and Community Development Article, §4-411, Annotated Code of Maryland.

Authority: Housing and Community Development Article, §§4-401—4-411, Annotated Code of Maryland

Effective date: November 19, 1984 (11:23 Md. R. 1991)

Chapter recodified from COMAR 05.01.17 to COMAR 05.05.01

Regulations .01—.13 repealed and new Regulations .01—.29 adopted effective March 4, 1991 (18:4 Md. R. 446)

Regulation .06 amended effective January 2, 1994 (20:25 Md. R. 1942); April 5, 1999 (26:7 Md. R. 538); January 21, 2002 (29:1 Md. R. 20)

Regulation .09E amended effective January 2, 1994 (20:25 Md. R. 1942)

Regulation .10 repealed and Regulation .11 amended and recodified to Regulation .10 as an emergency provision effective August 24, 1995 (22:19 Md. R. 1456); emergency status extended at 23:7 Md. R. 547)

Regulation .10 repealed effective August 26, 1996 (23:17 Md. R. 1246)

Regulation .11 amended effective August 26, 1996 (23:17 Md. R. 1246)

Regulation .16C amended effective May 31, 1999 (26:11 Md. R. 853)

Regulation .18D amended effective November 7, 1994 (21:22 Md. R. 1873)

Regulation .20 amended effective August 26, 1996 (23:17 Md. R. 1246)

Regulations .01—.23 Rental Housing Program repealed and new Regulations .01—.32 Multifamily Rental Financing Program adopted effective March 13, 2006 (33:5 Md. R. 518)

Regulation .15B amended effective April 19, 2010 (37:8 Md. R. 614)

Regulations .01—.32 Multifamily Rental Financing Program repealed and new Regulations .01—.34 Rental Housing Program adopted effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .13 amended effective October 8, 2018 (45:20 Md. R. 917)