Section 4-236 - Mortgage lenders. - Maryland Statutes

§ 4-236. Mortgage lenders.
 

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. 
 

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