Sec. 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 adjustable rate mortgages as an
additional purpose pursuant to the provisions of subdivision (32) of section 8-250. Such
program shall 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.)
History: P.A. 08-176 effective June 12, 2008.