Section 4-814 - Preferred interest rate mortgage.
§ 4-814. Preferred interest rate mortgage.
To qualify for a preferred interest rate loan to refinance an existing home under § 4-804(1) of this subtitle, an applicant shall:
(1) be unable to keep payments current on the applicant's home mortgage because of exceptional adverse personal or economic circumstances; and
(2) risk forfeiting title to the applicant's home.
[An. Code 1957, art. 83B, § 2-608; 2005, ch. 26, § 2.]