Statutes, codes, and regulations
Connecticut Administrative Code
Title 32 - Commerce and Economic and Community Development
Insuring of Industrial Mortgages
Section 32-13-8 - Servicing by mortgagee

Conn. Agencies Regs. § 32-13-8

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Current through October 16, 2024
Section 32-13-8 - Servicing by mortgagee

All approved mortgagees are required to service insured loans in accordance with acceptable mortgage practices of prudent lending institutions. In the event of default, the mortgagee shall contact the mortgagor and otherwise exercise diligence in collecting the amounts due.

Conn. Agencies Regs. § 32-13-8