§ 3-204

Md. Code, Housing and Community Development § 3-204, under Article — Housing and Community Development.

Md. Code, Housing and Community Development § 3-204

Insurance, a guarantee, or other credit enhancement provided under this subtitle:

(1) does not pledge the faith, credit, or taxing power of the State or the Department; and

(2) is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.