Loading chat...
CT HB06752
Bill
Status
6/23/2015
Primary Sponsor
Banking Committee
Click for details
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