Regulations Governing the Reverse Equity Mortgage Loan Programs
825-1111 INACTIVE RULE
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Title | 825 | Housing and Mortgage Finance Corporation |
Chapter | XXX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
Subchapter | XX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
Part | 1111 | Regulations Governing the Reverse Equity Mortgage Loan Programs |
Type of Filing | Periodic Refile |
Regulation Status | Inactive |
Effective | 12/28/2001 to 03/20/2017 |
Regulation Authority:
R.I.G.L. 42-55-5(5)
Purpose and Reason:
These Regulations are designed to permit Rhode Island residents who satisfy certain age, residency and income criteria to borrow against the equity in their Homes to assist in meeting living, medical and other miscellaneous expenses.
INACTIVE RULE
Repeal
- effective from 03/20/2017
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