Skip to Main Content

Maryland Affordable Housing Trust (Commissioner Approval) - Financial Regulation

Last reviewed/updated: May 18, 2023

The Maryland Affordable Housing Trust (MAHT) was created by the Maryland General Assembly in 1992 to make affordable housing more available throughout the State of Maryland.

A financial institution outside the State of Maryland must obtain the Commissioner’s approval to accept deposits of trust money in connection with a real estate transaction in accordance with Maryland law (Md. Code Ann., Insurance §22-105).

Please submit the application form (available below) or a letter that includes the following information:

  • Purpose of the request
  • Name of the financial institution’s chartering authority
  • Location of the financial institution’s headquarters
  • Contact information for the financial institution
  • Whether the financial institution has branches in the State of Maryland
  • Certificate of good standing from the financial institution’s chartering authority
  • Statement that the financial institution will comply with the requirements of Maryland law (Md. Code Ann., Insurance §22-105)

The application or request must be signed by a corporate officer of the financial institution who has the authority to enter into this agreement on behalf of the financial institution. No fee is required to file this application.


  • For questions about filing an application, contact Stephen Clampett, Assistant Commissioner, by phone at (410) 230-6104 or by email at
  • Applications may be submitted to
  • Mailing Address:
    Office of Financial Regulation
    1100 North Eutaw Street, Suite 611
    Baltimore, MD 21201

Laws, Rules, and Regulations

Banking institutions are expected to be knowledgeable about and in compliance with Maryland banking laws, and any other applicable State or Federal statutes, rules, and regulations. Maryland laws, rules, and regulations can be found by accessing the Annotated Code of Maryland and Rules and Code of Maryland Regulations (COMAR). Certain relevant Maryland laws, rules, and/or regulations include (Note: this is not a comprehensive list):