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CT SB00313

Bill

Official Source

Status

Introduced

1/23/2013

Primary Sponsor

Banks Committee

Click for details

Origin

Senate

2013 General Assembly

AI Summary

  • Prohibits mortgage lenders doing business in Connecticut or holding mortgages on Connecticut property from imposing escrow fees on borrowers who do not have funds held in escrow for taxes or insurance payments.

  • Applies to all mortgagees as defined under Connecticut General Statutes section 36a-671.

  • Effective October 1, 2013.

Legislative Description

An Act Prohibiting Mortgage Lenders From Imposing Escrow Fees On Borrowers Who Do Not Escrow Property Taxes Or Insurance.

Last Action

Public Hearing 02/14

2/7/2013

Committee Referrals

Banks1/23/2013

Full Bill Text

No bill text available