Section 7-307 - Owner's sworn statement of compliance. - Maryland Statutes

§ 7-307. Owner's sworn statement of compliance.
 

The person responsible for the closing of a real estate transaction shall file with the Department a written statement, made and signed by the owner under the penalties of perjury, that the transaction complies with this title, if the transaction includes: 

(1) a sale or conveyance of an assisted project or the real property associated with it, and: 

(i) is a protected action; or 

(ii) occurred within 10 years after a protected action for which the owner failed to comply with this title; or 

(2) a release of: 

(i) a mortgage secured by an assisted project; or 

(ii) a regulatory agreement or other document executed in connection with the mortgage that restricts the income levels of the tenants or the rental rates of the assisted project. 
 

[An. Code 1957, art. 83B, §§ 9-101(m), 9-110(a); 2005, ch. 26, § 2.]