2200                                          LAWS OF MARYLAND                                      Ch. 627

(4) THE TERMS AND PROVISIONS FOR LIVABILITY
REHABILITATION LOANS SHALL SATISFY THE REQUIREMENTS OF §
257L(C)(6).

[(e)] (J) In addition to loans for rehabilitation PROJECTS
to families of limited income made from the fund, the Department
may make grants for rehabilitation PROJECTS to families of
limited income, and loans for rehabilitation PROJECTS to families
of limited income or to sponsors, OR NONPROFIT SPONSORS with
funds from any other authorized sources. These sources may
include federal programs of assistance for rehabilitation, which
the Department shall utilize to the maximum extent consistent
with the purposes of this section, and in which the Department is
authorized to do all things necessary to qualify for
participation. The terms and conditions of loans and grants made
pursuant to this paragraph shall be in accord with the provisions
of the legislation or other authority by which the funds are made
available to the Department.

[(f)] (K) The Department may:

(1)  In the case of any loans made pursuant to this
section secured by first or junior mortgages, enforce them
according to their terms, foreclose and take title to properties
foreclosed upon, or accept conveyances in lieu of foreclosure;
convey title to purchasers; obtain and enforce deficiency
judgments; permit assumption of mortgages; and contract with
private mortgage servicers to perform functions ordinarily
performed by such servicers, including foreclosures and the
employment of counsel by the servicers, on behalf of the
Department. Approval or execution by the Board of Public Works is
not required to assign mortgages for value, to release mortgages
when paid, to accomplish foreclosures, to accept deeds in lieu of
foreclosures, or to convey property after acquisition.

(2)  Require and obtain appraisals, credit
information, and other information related to making loans;

(3)  Contract for services relating to any aspect of
the operation of the program in accordance with the procedures
required by law for State contracts;

(4)  Charge and collect reasonable application and
processing fees, and other charges, fees, or reimbursements
incidental to loans;

(5)  Adopt, and amend from time to time, in accordance
with statutory requirements, regulations governing all aspects of
the operation of the program.

[(g)] (L) Every person who knowingly makes or causes to be
made any false statement or report for the purpose of influencing
the action of the Department upon any application for a grant or
loan pursuant to this section or any action of the Department
affecting a grant or loan already made, is guilty of a