§ 4-236. Mortgage lenders

Latest version.

   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.

HISTORY: An. Code 1957, art. 83B, § 2-203(t); 2005, ch. 26, § 2; ch. 44, § 1.

                    
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