1. A. The lender shall require the sponsor and its contractors and subcontractors to maintain such books, accounts, and records, and shall file with the lender such financial and other reports as the Fund from time to time may require.
2. B. The books, accounts, and records required by §A of this regulation to be maintained shall be open to the inspection of representatives of the Fund or other agencies of the State during reasonable working hours.
3. C. Books, accounts, and records of the sponsor shall be maintained and made available for inspection for 3 years past the date of termination of the contractual relationship between the borrower and the lender. Books, accounts, and records of contractors and subcontractors shall be maintained and made available for inspection for 3 years past the date of termination of the contractual relationships between them and the sponsor.

Authority: Housing and Community Development Article, Title 3, Subtitle 2, Annotated Code of Maryland;
Executive Order 01.01.1992.27C

Effective date: June 22, 1992 (19:12 Md. R. 1132)

Regulation .05C, D amended effective November 7, 1994 (21:22 Md. R. 1874)

Regulation .06B amended effective January 2, 1993 (19:26 Md. R. 2283)

Regulation .09E—G amended effective November 20, 1995 (22:23 Md. R. 1800)

Regulation .10 amended effective January 2, 1994 (20:25 Md. R. 1943); April 5, 1999 (26:7 Md. R. 539)

Regulation .10D amended effective June 5, 1995 (22:11 Md. R. 818)

Regulation .10H adopted effective November 20, 1995 (22:23 Md. R. 1800)

Regulation .12A amended effective January 2, 1994 (20:25 Md. R. 1943)

Chapter revised effective March 31, 2003 (30:6 Md. R. 419)

Regulation .07C amended effective April 19, 2010 (37:8 Md. R. 614)