Loading chat...

CT HB06752

Bill

Status

Passed

6/23/2015

Primary Sponsor

Banking Committee

Click for details

Origin

House of Representatives

2015 General Assembly

AI Summary

  • Extends the foreclosure mediation program deadline from June 30, 2016, to June 30, 2019, for residential properties and religious organization properties with applicable foreclosure return dates.

  • Adds definition of "permitted successor-in-interest" to include former spouses of deceased mortgagors and spouses/former spouses who acquired title through divorce decrees or separation agreements, with required consent provisions for financial information disclosure.

  • Expands mortgagor definition to clarify that primary residence requirement applies and includes permitted successors-in-interest, not just original borrowers.

  • Establishes extended premediation deadlines with procedures allowing mediators to file motions for extensions beyond the 84-day period, subject to court approval based on good cause findings.

  • Requires annual reporting to the General Assembly's banking committee on mediation program data from July 1, 2013, through December 31 of each year until 2019, including details on cases, sessions, agreements reached, and participant demographics.

Legislative Description

An Act Extending The Foreclosure Mediation Program.

Last Action

Signed by the Governor

6/23/2015

Committee Referrals

Judiciary5/13/2015
Appropriations5/5/2015
Banking2/9/2015

Full Bill Text

No bill text available