HARRY HUGHES, Governor                                       707

PAYMENTS UNTIL THE APPLICANT COMPLIES WITH THE AGREEMENT OR
REQUIREMENTS; AND

(2) EXERCISE ANY OTHER REMEDY FOR WHICH THE LOAN
AGREEMENT PROVIDES.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 41, §
266HH-8 (c).

SUBTITLE    3. HOME FINANCING PROGRAM.

PART I.      DEFINITIONS; GENERAL PROVISIONS.

13-301. DEFINITIONS.

(A)       IN GENERAL.

IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

REVISOR'S NOTE: This subsection is new language used as
the standard introductory language to a
definition section.

See also § 1—101 of this article for other
applicable definitions.

(B)       DEPARTMENT.

"DEPARTMENT" MEANS THE DEPARTMENT OF ECONOMIC AND
COMMUNITY DEVELOPMENT.

REVISOR'S NOTE: This subsection is new language added
to avoid unnecessary repetition in this subtitle
of the full title of the Department.

(C)       LOAN.

"LOAN" MEANS A LOAN OF MONEY MADE BY THE DEPARTMENT
UNDER THIS SUBTITLE.

REVISOR'S NOTE: This subsection is new language added
to avoid unnecessary repetition.

(D)   PREFERRED INTEREST RATE.

"PREFERRED INTEREST RATE" MEANS THE INTEREST RATE THAT
THE DEPARTMENT SETS PERIODICALLY UNDER § 13-307 OF THIS
SUBTITLE.

REVISOR'S NOTE: This subsection is new language added
to establish a uniform term throughout this
subtitle.

(E) PROGRAM.