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Statutes Text

Article - Housing and Community Development




§4–406.

    (a)    The Department shall adopt regulations to carry out the Program.

    (b)    The regulations shall provide for:

        (1)    applications for money from the Fund;

        (2)    standards of eligibility, terms, and fees;

        (3)    charges that shall be imposed on Program loans; and

        (4)    the recapture of money of the Fund from a borrower that does not use the money in a timely manner.



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