2005 Connecticut Code - Sec. 8-286b. Mortgagee participation.
Sec. 8-286b. Mortgagee participation. (a) Mortgage loan guarantees issued by
the commissioner under subsection (d) of section 8-286 shall be in the form of a guarantee from the commissioner to an approved mortgagee. Mortgagees may participate in
the program by entering into a mortgage guarantee agreement with the commissioner.
Mortgagees participating in the program shall process and underwrite loan guarantees
in accordance with the provisions of said subsection (d), this section and sections 8-286c and 8-286d and any regulations adopted by the commissioner pursuant to section
8-289.
(c) No loan shall be eligible for a guarantee under the program established pursuant to section 8-286 unless the commissioner determines that the terms and conditions of the loan are acceptable to the commissioner.
(P.A. 95-202, S. 2; P.A. 00-196, S. 1.)
History: P.A. 00-196 made a technical change in Subsec. (b).
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