Md. Code, Housing and Community Development § 4-410
Md. Code, Housing and Community Development § 4-410
in effect(a) If a Program loan is secured by a mortgage, the Department may:
(1) enforce the mortgage;
(2) foreclose on the mortgage and take title to the mortgaged property or take deed in lieu of foreclosure;
(3) convey title to a purchaser;
(4) obtain and enforce a deficiency judgment;
(5) allow assumption of the mortgage; and
(6) contract with a private mortgage servicer to perform on behalf of the Department any functions a servicer ordinarily performs.
(b) Without approval or execution by the Board of Public Works, the Department may:
(1) assign a mortgage for value; or
(2) convey property after acquisition.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghs§ion=4-410&enactments=falseFetched: 10/17/2026