(1) delegate any power or duty under this Article to any agency, as defined in Section 25B-2(b); and
(2) enter into an agreement with an agency to administer this program.
(b) The Executive may:
(1) charge application fees or other fees to loan applicants or lenders;
(2) adopt regulations to administer the program;
(3) attach specific terms to any loan as necessary to carry out the purpose of the program;
(4) establish additional eligibility standards for a loan, taking into account the applicant's ability to pay, the cost of the single family residence, and other relevant factors;
(5) establish regulations to determine which items or portion of the closing costs can be included in the loan;
(6) enter into contracts with third parties who would make or service a loan made under this Article;
(7) enter into any necessary agreement with the State Department of Housing and Community Development to receive a delegation of the State settlement expense loan program under State law in the County; and
(8) take any other action necessary or convenient for the effective operation of the program. (1990 L.M.C., ch. 17, § 1; 1997 L.M.C., ch. 6, § 1.)
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