Connecticut General Statutes 8-286a – State or authority to share in appreciation of dwelling
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Any contract for a loan to purchase a dwelling under section 8-286 may require that the state or the authority shall receive, in exchange for any such loan, a share in the appreciation of the dwelling or any interest therein upon its sale. Such share shall be in an amount determined by the authority.
Terms Used In Connecticut General Statutes 8-286a
- Authority: means the Connecticut Housing Finance Authority. See Connecticut General Statutes 8-284
- Contract: A legal written agreement that becomes binding when signed.