Section 4-308 - Homebuyer education.
§ 4-308. Homebuyer education.
(a) Duty of Program loan recipient.- Except as provided in subsection (b) of this section, a recipient of a Program loan shall complete homebuyer education that meets the requirements of the Department.
(b) Exception.- If the political subdivision in which a Program loan recipient will use a Program loan administers a down payment or settlement expense loan program that requires homebuyer education, the homebuyer education to be completed by the Program loan recipient must meet the more stringent of the requirements of the Department and the requirements of the political subdivision.
[An. Code 1957, art. 83B, § 2-1008; 2005, ch. 26, § 2.]