2005 Connecticut Code - Sec. 8-68c. Notice of prepayment of certain federally insured mortgages.

      Sec. 8-68c. Notice of prepayment of certain federally insured mortgages. On and after July 1, 1988, any owner of multifamily rental housing for persons and families of low and moderate income, which housing is financed by a mortgage insured under 12 USCA 1715l, 12 USCA 1715z-1 or 42 USCA 1485(b), shall, not later than one year prior to prepaying any such mortgage, provide written notice of the owner's intent to prepay such mortgage to the Commissioner of Economic and Community Development, the chief executive officer of the municipality in which such housing is located and to all tenants residing in such housing. Nothing in this section or subsection (b) of section 36a-755 shall be construed to limit the ability of such owner to prepay any such mortgage or to interfere with any existing contract.