§412:2-108  Alternative mortgage loansrules.  The commissioner may by rule permit financial institutions to makeloans secured by mortgages that do not meet the loan-to-value ratio, paymentterms, compounding of interest, or other requirements contained under thischapter, chapter 478 or other law of this State, including but not limited to,alternative mortgage loans, such as "reverse annuity" and"graduated payment" mortgage loans.  Such rules may specify theborrowers eligible for such alternative mortgage loans, and the limitations,restrictions, and other requirements the commissioner shall deem appropriate.[L 1993, c 350, pt of §1]