Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 7-211
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Terms Used In Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 7-211
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The right of first purchase under this subtitle does not apply to the prepayment of a mortgage and sale of an assisted project if the prepayment and sale are done under a plan of action approved by the Secretary of Housing and Urban Development under § 225 of the Housing and Community Development Act of 1987, 12 U.S.C. § 4107.