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CT SB00159

Bill

Official Source

Status

Engrossed

4/25/2012

Primary Sponsor

Banks Committee

Click for details

Origin

Senate

2012 General Assembly

AI Summary

  • Department of Banking required to study issues concerning elimination of foreclosure rights for persons entitled to receive mortgage-secured money who do not hold legal title to the mortgaged premises.

  • Banking Commissioner must report findings on the study to the joint standing committee of the General Assembly with cognizance of banking matters.

  • Report due no later than January 1, 2013.

  • Act takes effect upon passage.

Legislative Description

An Act Concerning A Study Of The Elimination Of The Provision That Permits Foreclosure By A Holder Of A Note Who Does Not Have Legal Title To The Mortgaged Premises.

Last Action

House Calendar Number 445

4/27/2012

Committee Referrals

Banks2/17/2012

Full Bill Text

No bill text available