R.C.S.A. § 8-289-11
Underwriting criteria (Repealed)
Cite as Conn. Agencies Regs. § 8-289-11
(a) Income Ratios—The Department shall apply the income ratios employed by the first mortgage lender.
(b) Evaluation—The Department shall evaluate the credit worthiness of each homebuyer based on documentation
of the following:
(1) Gross family income which shall include income from whatever source derived, including
both earned and unearned income;
(2) Debts and current credit status; and
(3) Employment history and stability of employment.
(c) Notwithstanding subsection 8-289-11 (b), the Commissioner may accept the underwriting
criteria applied by the first mortgage lender.