Connecticut § 8-286b Mortgagee participation.

Connecticut Statutes

§ 8-286b — Mortgagee participation.

Connecticut § 8-286b

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

Ch. 136Department of Housing: Home Ownership Loans

This text of Connecticut § 8-286b (Mortgagee participation.) 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. § 8-286b (2026).

Text

(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 co

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(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.

Legislative History

(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.