Connecticut § 8-265rr - Mortgage refinancing program for homeowners with adjustable rate mortgages.
Full text of Connecticut Connecticut General Statutes § 8-265rr — Mortgage refinancing program for homeowners with adjustable rate mortgages., with citation guidance and answers to common questions.
§ 8-265rr. Mortgage refinancing program for homeowners with adjustable rate mortgages.
Sec. 8-265rr. Mortgage refinancing program for homeowners with adjustable rate mortgages. (a) As used in this section, “authority” means the Connecticut Housing Finance Authority created under section 8-244.
(b) The authority is authorized to continue to develop and implement a program for home mortgage refinancing for homeowners with fixed or adjustable rate mortgages as an additional purpose pursuant to the provisions of subdivision (32) of section 8-250. Such program shall (1) include making mortgage loans to borrowers who (A) are deemed eligible by the authority, and (B) purchase foreclosed or abandoned properties or properties conveyed by deed in lieu of foreclosure or short sale; or (2) be undertaken by the authority consistent with and subject to its contractual obligations to its bondholders in an initial amount of forty million dollars under terms and conditions determined by the authority.
(P.A. 08-176, S. 1; P.A. 09-209, S. 31; June Sp. Sess. P.A. 10-2, S. 7.)
History: P.A. 08-176 effective June 12, 2008; P.A. 09-209 amended Subsec. (b) by changing “adjustable rate mortgages” to “fixed or adjustable rate mortgages”, effective July 9, 2009; June Sp. Sess. P.A. 10-2 amended Subsec. (b) by adding Subdiv. (1) specifying that program shall include making mortgage loans to borrowers who are deemed eligible by authority and purchase certain qualified properties and by inserting Subdiv. (2) designator, effective July 1, 2010.
Frequently Asked Questions About Connecticut § 8-265rr
What does Connecticut General Statutes § 8-265rr cover?
Section 8-265rr ("Mortgage refinancing program for homeowners with adjustable rate mortgages.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 8-265rr?
A common citation format is "Connecticut General Statutes § 8-265rr" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 8-265rr apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.