Establishment of component program. Notification to participating homeowners of unavailability of funds.

(b) If funds are not available to provide emergency mortgage or lien assistance payments to homeowners in accordance with sections 8-265cc to 8-265kk , inclusive, the authority shall post on the authority's Internet web site a notice for the benefit of all mortgagees and lienholders and shall thereafter discontinue accepting applications for emergency mortgage or lien assistance payment. Upon posting such notice, and until a subsequent notice is posted by the authority on the authority's Internet web site disclosing that such funds are again available and applications for such assistance payments are again being accepted by the authority, (1) mortgagees may commence foreclosure actions without first providing the notice set forth in subsection (a) of section 8-265ee , and (2) the foreclosure of mortgages and liens by mortgagees or lienholders may continue without any further restriction or requirement under the provisions of sections 8-265cc to 8-265kk , inclusive.