CT SB00225

Requires mortgagees to provide written notice to mortgagors in foreclosure actions (effective July 1, 2010) with contact information for an individual authorized to negotiate loan modifications, forbearance agreements, or refinancing arrangements, displayed in at least 14-point boldface type.

Permits courts to delay or deny entry of strict foreclosure or foreclosure by sale judgments if the mortgagee failed to provide required notice, failed to respond timely to modification requests, failed to negotiate in good faith, or engaged in immoral, unethical, oppressive or unscrupulous conduct.

Permits courts to delay or deny deficiency judgments against mortgagors under the same conditions regarding mortgagee misconduct or failure to comply with notice and negotiation requirements.

Applies only to owner-occupants of one-to-four family residential properties where the property is their primary residence and the mortgage was made for personal, family, or household purposes.

Amends Section 49-14 to reference the new deficiency judgment restrictions and clarifies that courts may refer motions for deficiency judgments to state referees for evidentiary hearings.