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.

Rulemaking Documents are organized by document type and are part of this rule’s rulemaking record (R.I. Gen. Laws § 42-35-2.3). If multiple documents of the same type are listed below, each is a unique document. If there are multiple Public Notice of Proposed Rulemaking documents, view each document to identify the most recently amended version, as it may be amended at any point during the Public Comment Period.