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.