Maryland § 16-201
Full text of Maryland Maryland Code § 16-201, with citation guidance and answers to common questions.
§ 16-201.
(a) Montgomery County may provide by local law for the county’s guarantee of the principal and interest on bonds that the Montgomery Commission issues:
(1) to finance the acquisition, provision, development, or rehabilitation of housing at rental rates and prices not being offered in adequate quantity by the private sector; or
(2) to finance wholly or partly:
(i) mortgage loans secured by the housing; and
(ii) fund-related reserves and costs that are approved under this subtitle.
(b) When a mortgage loan is financed partly by bonds guaranteed by Montgomery County and partly by bonds not so guaranteed, the part of the mortgage loan that is financed by bonds not so guaranteed shall be insured by:
(1) the Federal Housing Administration;
(2) the Maryland Housing Fund;
(3) a private mortgage insurer that is:
(i) authorized to do business in the State; and
(ii) approved by the Federal National Mortgage Association or the Federal National Mortgage Loan Corporation; or
(4) more than one of these insurers.
Frequently Asked Questions About Maryland § 16-201
What does Maryland Code § 16-201 cover?
Section 16-201 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 16-201?
A common citation format is "Maryland Code § 16-201" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 16-201 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.