§ 4-814. Preferred interest rate mortgage

Latest version.

   To qualify for a preferred interest rate loan to refinance an existing home under § 4-804(1) of this subtitle, an applicant shall:

   (1) be unable to keep payments current on the applicant's home mortgage because of exceptional adverse personal or economic circumstances; and

   (2) risk forfeiting title to the applicant's home.

HISTORY: An. Code 1957, art. 83B, § 2-608; 2005, ch. 26, § 2.

                    
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