NOTICE TO APPLICANTS

The State Treasurer has obtained and is relying on an opinion from tax counsel that there is an adequate basis, in accordance with prevailing guidelines, to conclude that it is reasonable for the Police and Firemen's Retirement System to take the position that mortgages issued under this program should not be treated as taxable distributions. If it is ultimately determined that these mortgages are taxable distributions, you could be required to pay tax on the mortgage proceeds as well as penalties.

We suggest you consider consulting your own tax advisor before submitting your application.

PARTICIPATING LENDERS

Following is a list of participating lenders offering the Police and Firemen’s Mortgage Program.
For detailed information on program requirements, contact one of the lenders listed below.