Section 5-349 - Foreclosures on mortgages or deeds of trust. - Maryland Statutes

§ 5-349. Foreclosures on mortgages or deeds of trust.
 

(a)  In general.- A mortgage or deed of trust held as security for a child care special loan made under this part that is in default may be foreclosed by the Department in the same manner as the Maryland Rules provide for foreclosures in private transactions. 

(b)  Department to take title.- The Department may take title in its name to any property foreclosed under this section as well as to convey title to that property to a bona fide purchaser of the property. 
 

[An. Code 1957, art. 83A, § 5-1409(i); 2008, ch. 306, § 2.]