Maryland § 4-225
Full text of Maryland Maryland Code § 4-225, with citation guidance and answers to common questions.
§ 4-225.
(a) The Administration shall administer a program of financial assistance for:
(1) community development projects;
(2) energy conservation projects;
(3) home improvement projects;
(4) public purpose projects;
(5) solar energy projects;
(6) special housing facilities; and
(7) business projects.
(b) The Administration shall provide financial assistance for projects and facilities under this section with money that the Administration can get for them from any source, including:
(1) payments under federal law;
(2) bonds or notes issued by the Administration;
(3) bonds or notes issued by the State; and
(4) mortgage-backed securities and proceeds of investments in them.
(c) A loan for a home improvement project having a principal balance exceeding $5,000 shall be secured by a mortgage.
(d) Subject to an agreement with noteholders or bondholders, the Administration may consent that a loan, loan commitment, or agreement to which the Administration is a party be modified as to:
(1) the interest rate;
(2) the time of payments of an installment of principal or interest;
(3) security; or
(4) any other term.
Frequently Asked Questions About Maryland § 4-225
What does Maryland Code § 4-225 cover?
Section 4-225 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 § 4-225?
A common citation format is "Maryland Code § 4-225" (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 § 4-225 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.