WILLIAM DONALD SCHAEFER, Governor                   Ch. 311

Article 95, § 22 of the Code or §§ 6-202, 6-205, 6-206, 6-208,
6-209, or 6-210 of the State Finance and Procurement Article.

(g) The mortgage lender shall certify with respect to every
residential mortgage loan which it makes pursuant to a purchase
commitment by the Administration, with the proceeds of purchase
of mortgage loans by the Administration, or with the proceeds of
a loan by the Administration, that in its opinion, based on
information submitted by the mortgagor and on its knowledge of
the prevailing terms and standards of mortgage lending in the
area, the mortgagor could not obtain a mortgage loan for the
property in the unassisted private lending market.

(h) No new residential mortgage loan which is purchased by
the Administration or in which the Administration purchases an
interest, no residential mortgage loan made with the proceeds of
purchase of residential mortgages, and no residential mortgage
loan made with the proceeds of a loan by the Administration to a
mortgage lender may be assigned to or assumed by any person not
qualified under the appropriate Administration program, except as
required to qualify for insurance or guaranty by an agency or
instrumentality of the federal government.

SUBTITLE 3. MARYLAND HOUSING REHABILITATION PROGRAM

[11-702.] 2-301.

[(a)] The General Assembly finds and declares:

(1)  That many residents of [Maryland] THE STATE are
living in dwelling units which do not conform to building,
health, safety, fire, occupancy or other codes and standards
applicable to housing, that many communities or political
subdivisions in [Maryland] THE STATE do not have a minimum
livability code and that these conditions impede the development
and maintenance of healthy, safe, and viable communities in
[Maryland] THE STATE;

(2)  That owner-occupants of housing in need of
rehabilitation are frequently of low income, that nonoccupant
owners of such housing frequently incur high risks in its
ownership and management, and that financing by the private
sector is therefore frequently not available to accomplish
necessary and desirable rehabilitation;

(3)  That the rehabilitation of suitable housing will
increase its economic life, is often more economical and less
disruptive than replacement of the housing and the relocation of
its occupants, can better promote community development when
conducted through organized housing rehabilitation programs, is
essential to promote sound community development in the State,
and can be facilitated by the rehabilitation of commercial

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