§4–236.

    In carrying out this section and §§ 4-237 through 4-241 of this subtitle, the Administration may not make a loan to a mortgage lender or purchase a mortgage loan from a mortgage lender unless the mortgage lender is:

        (1)    a bank, trust company, savings institution, savings and loan association, national bank association, mortgage banker, or other financial institution that:

            (i)    has an office in the State; and

            (ii)    makes or originates residential mortgage loans;

        (2)    an insurance company authorized to do business in the State; or

        (3)    the Maryland Home Financing Program.