Except upon the exercise of the Department's right of subrogation under this chapter, the Department has no legal or equitable interest in any collateral, security, or other right of recovery in connection with any loan enrolled in the Program, and the Department's consent is not necessary for any amendment to the lender's loan documents.

Authority: Housing and Community Development Article, §§2-102 and 4-504, and Title 6, Subtitle 3, Annotated Code of Maryland

Effective date: December 25, 2000 (27:25 Md. R. 2279)

Regulation .03B amended effective June 19, 2006 (33:12 Md. R. 996)

Regulation .11C amended effective June 19, 2006 (33:12 Md. R. 996)

Regulation .12B amended effective June 19, 2006 (33:12 Md. R. 996)

Regulation .17A amended effective June 19, 2006 (33:12 Md. R. 996)

Regulation .25 amended effective March 16, 2015 (42:5 Md. R. 485)