Md. Code, Local Government § 19–805

(a) (1) Notwithstanding any other law, Cecil County may issue revenue

bonds, notes, or other evidence of indebtedness to accomplish the purposes of this

subtitle.

(2) The county may use money borrowed under this subtitle to make

funds available, directly or through mortgage lending institutions, for residential

mortgage loans by:

(i) forward commitment mortgage purchases;

(ii) existing mortgage purchases;

(iii) loans to lenders;

(iv) a revolving mortgage fund; or

(v) any other manner the county considers appropriate.

(3) (i) The county may issue new bonds to provide funds for the

payment of any outstanding bonds in accordance with this subtitle and § 19–207 of

this title.

(ii) The new bonds shall be secured to the same extent and

have the same source of payment as the refunded bonds.

(b) The amount borrowed under this subtitle may not exceed $35,000,000

in the total aggregate amount.

(c) Cecil County may collect participation charges to cover loan processing,

loan administration, mortgage insurance, and other costs and expenses of a program

from a borrower participating in the program.

(d) A program may provide for:

(1) loan agreements;

(2) security agreements;

(3) loan servicing agreements;

(4) forms of mortgages, notes, and deeds of trust; and

(5) other appropriate securities, documents, agreements, and

provisions.