(Repeal) 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	(Repeal) Regulations Governing the Reverse Equity Mortgage Loan Programs

Type of Filing	Direct Final Repeal
Regulation Status	Inactive
Effective	03/20/2017

Regulation Authority:

R.I. General Laws § 42-55-5(5)

Purpose and Reason:

The purpose of this repeal is to eliminate an obsolete rule. The above-captioned rule describes loan programs through which Rhode Island Housing previously provided financing for 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. Rhode Island Housing no longer offers the loan products described in the rule. As a result, the rule no longer serves a practical purpose.Rhode Island Housing and Mortgage Finance Corporation proposes to repeal ERLID #1111 in its entirety.

INACTIVE RULE Repeal - effective from 03/20/2017

INACTIVE RULE Periodic Refile - effective from 12/28/2001 to 03/20/2017

There are no electronic rulemaking documents for rules filed prior to August 14, 2018. For rulemaking documents for rules filed prior to this date, please contact the appropriate agency's Rules Coordinator.

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