Maryland § 4-810
Full text of Maryland Maryland Code § 4-810, with citation guidance and answers to common questions.
§ 4-810.
(a) To qualify for a loan under § 4-804(1)(i), (4), or (5) of this subtitle, an applicant:
(1) shall be a member of a household of limited income;
(2) on closing of the loan, shall intend to reside in the home to be financed;
(3) may not own other property used as the applicant’s personal residence; and
(4) in the estimation of the Department, shall lack the financial resources to obtain a private conventional mortgage or to qualify for other departmental loan programs.
(b) To qualify for a loan under § 4-804(1)(ii) of this subtitle, an applicant:
(1) shall agree in writing to live as an owner-occupant in one of the units of a residential building with no more than four units;
(2) shall agree in writing to rent each unit other than the applicant’s unit to a household of limited income; and
(3) in the estimation of the Department, shall lack the financial resources to obtain a private conventional mortgage or qualify for other departmental loan programs.
(c) To qualify for a loan under § 4-804(2) of this subtitle, an applicant shall agree to sell or rent each dwelling unit constructed or rehabilitated with the proceeds of the loan to a household of limited income.
(d) To qualify for a loan under § 4–804(6) of this subtitle, an applicant shall:
(1) own and occupy the home as the applicant’s principal residence; and
(2) meet the income requirements set by the Department.
Frequently Asked Questions About Maryland § 4-810
What does Maryland Code § 4-810 cover?
Section 4-810 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 § 4-810?
A common citation format is "Maryland Code § 4-810" (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 § 4-810 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.