Sec. 8-265kk. Notification by authority to participating mortgagees of unavailability of funds.
Sec. 8-265kk. Notification by authority to participating mortgagees of unavailability of funds. If funds are not available to provide emergency mortgage assistance payments to mortgagors in accordance with sections 8-265cc to 8-265kk, inclusive,
the authority shall notify all mortgagees and shall not accept applications for emergency
mortgage assistance payment. Upon receipt of such notice from the authority and until
mortgagees receive a further notice from the authority that such funds are again available
and applications for emergency mortgage assistance payments are again being accepted
by the authority: (1) Mortgagees may commence foreclosure actions without first providing the notice set forth in subsection (a) of section 8-265ee; and (2) the foreclosure
of mortgages by mortgagees may continue without any further restriction or requirement
under the provisions of sections 8-265cc to 8-265kk, inclusive.
(P.A. 94-185, S. 9, 10.)
History: P.A. 94-185 effective June 2, 1994.
the authority shall notify all mortgagees and shall not accept applications for emergency
mortgage assistance payment. Upon receipt of such notice from the authority and until
mortgagees receive a further notice from the authority that such funds are again available
and applications for emergency mortgage assistance payments are again being accepted
by the authority: (1) Mortgagees may commence foreclosure actions without first providing the notice set forth in subsection (a) of section 8-265ee; and (2) the foreclosure
of mortgages by mortgagees may continue without any further restriction or requirement
under the provisions of sections 8-265cc to 8-265kk, inclusive.
(P.A. 94-185, S. 9, 10.)
History: P.A. 94-185 effective June 2, 1994.
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