The commissioner shall adopt regulations providing for financial qualifications of eligible families or persons, requirements and limitations as to adjustments of terms and conditions of repayment, funding priorities, guarantee conditions and any additional requirements as he deems necessary to carry out the purposes of this chapter for loans or deferred loans made under this chapter prior to October 1, 1995. The authority shall adopt written procedures under section 1-121 for such purposes for loans or deferred loans made after October 1, 1995.
(P.A. 77-612, S. 7; P.A. 95-202, S. 5; 95-250, S. 31, 42; 95-309, S. 11, 12.)
History: P.A. 95-202 required commissioner to adopt regulations re guarantee conditions for loans or deferred loans made prior to October 1, 1995; P.A. 95-250 added provision re adoption of written procedures by the authority for loans or deferred loans made after October 1, 1995; P.A. 95-309 changed effective date of P.A. 95-250 but did not affect this section.
Structure Connecticut General Statutes
Title 8 - Zoning, Planning, Housing and Economic and Community Development
Chapter 136 - Department of Housing: Home Ownership Loans
Section 8-283. - Declaration of policy.
Section 8-285. - Creation of “Housing Purchase and Rehabilitation Fund”.
Section 8-286a. - State or authority to share in appreciation of dwelling.
Section 8-286b. - Mortgagee participation.
Section 8-286c. - Amount of guarantee. Record of payments to honor guarantees.
Section 8-286d. - Termination of loan guarantee.
Section 8-286e. - Affordability incentive zones.
Section 8-287. - Loan repayment.
Section 8-288. - Issuance of bonds.
Section 8-289. - Adoption of regulations or written procedures.