The authority may terminate any loan guarantee if the mortgagee misrepresents any information pertaining to the guarantee or fails to comply with any term of the mortgage guarantee agreement in connection with the guarantee of the underlying loan.
Conn. Gen. Stat. § 8-265u
Termination of loan guarantee
Known as the Connecticut Housing Finance Authority Act
The act spans §§ 8–8 (78 sections).
(P.A. 93-308, S. 9, 12; 93-435, S. 94, 95.) History: P.A. 93-308 effective July 1, 1993; P.A. 93-435 changed effective date of P.A. 93-308 from July 1, 1993, to June 9, 1993, ef…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.