Connecticut § 8-286b - Mortgagee participation.
Full text of Connecticut Connecticut General Statutes § 8-286b — Mortgagee participation., with citation guidance and answers to common questions.
§ 8-286b. Mortgagee participation.
Sec. 8-286b. Mortgagee participation. (a) Mortgage loan guarantees issued by the commissioner under subsection (e) 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 (e), this section and sections 8-286c and 8-286d and any regulations adopted by the commissioner pursuant to section 8-289.
(b) Any mortgagee seeking a loan guarantee and any mortgagor seeking to have a loan guaranteed shall provide such information to the commissioner as the commissioner deems necessary. The information shall be provided on a form prescribed by the commissioner. Any information required by the commissioner in connection with an application for a mortgage loan guarantee shall be provided subject to the penalty for false statement under section 53a-157b. No guarantee shall be valid until approved by the commissioner.
(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; P.A. 21-101, S. 3.)
History: P.A. 00-196 made a technical change in Subsec. (b); P.A. 21-101 amended Subsec. (a) by replacing references to Sec. 8-286(d) with references to Sec. 8-286(e), effective June 30, 2021.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 8-286b
What does Connecticut General Statutes § 8-286b cover?
Section 8-286b ("Mortgagee participation.") 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 § 8-286b?
A common citation format is "Connecticut General Statutes § 8-286b" (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 § 8-286b 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.