Maryland § 4-807
Full text of Maryland Maryland Code § 4-807, with citation guidance and answers to common questions.
§ 4-807.
(a) In setting upper limits on adjusted annual income, the Department shall consider factors including:
(1) the total income of each individual expected to live in the home;
(2) the size of the household;
(3) the cost of available housing facilities;
(4) the ability of the household to compete successfully in the conventional private housing market; and
(5) pertinent standards and definitions established for federal housing programs.
(b) Upper limits on adjusted annual income may vary for different:
(1) types of housing;
(2) types of financing offered by the Program; and
(3) regions.
(c) Within the upper limits on adjusted annual income, lower income limit ranges and lower interest rates may be established for loans to households with adjusted annual incomes in the lower ranges.
(d) Except for loans made under § 4–804(4) and (6) of this subtitle, the upper limits on adjusted annual income established under subsection (a) of this section may not exceed the median annual family income.
Frequently Asked Questions About Maryland § 4-807
What does Maryland Code § 4-807 cover?
Section 4-807 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 § 4-807?
A common citation format is "Maryland Code § 4-807" (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 § 4-807 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.