Sec. 8-265rr. Mortgage refinancing program for homeowners with adjustable rate mortgages. - Connecticut Statutes

      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.