CT SB00950

Mortgagees must provide mortgagors with contact information for an individual authorized to process refinancing or modification requests to avoid foreclosure, with information displayed in at least 14-point boldface type.

Mortgagees must respond within five business days to mortgagor requests to refinance or modify mortgage agreements.

Courts may delay entry of strict foreclosure or foreclosure sale judgments if the mortgagee fails to provide required notice, fails to respond within five business days to modification requests, or engages in unfair or deceptive practices.

Courts may delay entry of deficiency judgments against mortgagees that fail to provide required notice, fail to respond timely to modification requests, or engage in unfair or deceptive practices.

Provisions take effect October 1, 2011 and apply to foreclosure actions with return dates on or after that date.