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Update to Connecticut HELOC Open-End Mortgage Deed

Section 49-2(c) of the Connecticut General Statutes provides that advancements for taxes and other items may be made by a mortgagee or assignee of the mortgagee, under an open-end mortgage if certain requirements are met.  One of the requirements states that the security instrument shall contain specific provisions permitting such advancements and, if applicable, shall specify that such advancements are made pursuant to a commercial future advance loan agreement, a consumer revolving loan agreement or a letter of credit.

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