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CT SB00407
Bill
Status
Introduced
3/8/2012
Primary Sponsor
Planning and Development Committee
Click for details
AI Summary
- Requires all assignments of mortgage debt to be recorded with the town clerk
- Imposes a surcharge of $200 per week (or part thereof) for assignments presented for recording more than 60 days after the assignment is made
- Caps the surcharge at a maximum of $5,000
- Clarifies that recordation of a mortgage debt assignment does not constitute notice to the party obliged to pay the mortgage
- Effective July 1, 2012
Legislative Description
An Act Concerning The Assignment Of Mortgage Debts.
Last Action
Referred by Senate to Committee on Banks
4/25/2012
Committee Referrals
Banks4/25/2012
Judiciary4/17/2012
Planning and Development3/8/2012
Full Bill Text
No bill text available