Connecticut § 8-265tt Definitions.

Connecticut Statutes

§ 8-265tt — Definitions.

Connecticut § 8-265tt

Title 8Zoning, Planning, Housing and Economic and Community Development

Ch. 134Connecticut Housing Finance Authority Act

This text of Connecticut § 8-265tt (Definitions.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 8-265tt (2026).

Text

As used in this section and sections 8-265uu to 8-265xx, inclusive:

(1)“Association” means an association of unit owners, as defined in section 47-68a , or an association or unit owners' association, each as defined in section 47-202 ;

(2)“Authority” means the Connecticut Housing Finance Authority created under section 8-244 ;

(3)“Bank” means a bank or an out-of-state bank, each as defined in section 36a-2 ;

(4)“Captive insurance company” means the captive insurance company established pursuant to section 38a-91vv ;

(5)“Credit union” means a Connecticut credit union or a federal credit union, each as defined in section 36a-2 ;

(6)“Department” means the Department of Banking;

(7)“Eligible borrower” means (A) the owner or occupant of a residential building who has received a participa

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As used in this section and sections 8-265uu to 8-265xx, inclusive: (1) “Association” means an association of unit owners, as defined in section 47-68a , or an association or unit owners' association, each as defined in section 47-202 ; (2) “Authority” means the Connecticut Housing Finance Authority created under section 8-244 ; (3) “Bank” means a bank or an out-of-state bank, each as defined in section 36a-2 ; (4) “Captive insurance company” means the captive insurance company established pursuant to section 38a-91vv ; (5) “Credit union” means a Connecticut credit union or a federal credit union, each as defined in section 36a-2 ; (6) “Department” means the Department of Banking; (7) “Eligible borrower” means (A) the owner or occupant of a residential building who has received a participation agreement from the captive insurance company, (B) an association that has received a participation agreement or agreements from the captive insurance company, or (C) the owner or occupant of a single-family or multifamily residential dwelling, including, but not limited to, a residential unit in a condominium, as such terms are defined or used in section 47-68a or a unit that is used for residential purposes and located in a common interest community, as such terms are defined in section 47-202 , provided the association such dwelling is a part of has received a participation agreement or agreements from the captive insurance company concerning the building within which such dwelling is located; (8) “Eligible financial institution” means a bank or credit union; (9) “Participation agreement” means an agreement by the captive insurance company to pay for a portion of the cost to repair or replace a concrete foundation that has deteriorated due to the presence of pyrrhotite; and (10) “Residential building” has the same meaning as provided in section 8-440 .

Legislative History

(P.A. 19-192, S. 7; Sept. Sp. Sess. P.A. 20-3, S. 1; June Sp. Sess. P.A. 21-2, S. 460.) History: P.A. 19-192 effective July 8, 2019; Sept. Sp. Sess. P.A. 20-3 added new Subdiv. (1) defining “association”, redefined “eligible borrower”, and redesignated existing Subdivs. (1) to (9) as Subdivs. (2) to (10), effective October 2, 2020; June Sp. Sess. P.A. 21-2 redefined “eligible financial institution” in Subdiv. (8), effective July 1, 2021.