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CT SB00325

Bill

Status

Introduced

2/26/2016

Primary Sponsor

Judiciary Committee

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Origin

Senate

2016 General Assembly

AI Summary

  • Unit owners' associations must comply with the Federal Fair Debt Collection Practices Act (15 USC 1692 et seq.) when providing written notice of intent to foreclose a lien on a unit.

  • Associations must provide notice by first class mail at least 60 days before commencing a foreclosure action to all holders of security interests in the unit.

  • Required notice must include the unpaid common expense assessments owed, attorney's fees and costs incurred, a statement of intent to foreclose within 60 days if amounts are unpaid, association contact information, and payment instructions.

  • Association contact information must include the name of the individual acting on behalf of the association, mailing address, telephone number, and electronic mail address if available.

  • Effective date is October 1, 2016, and amends Connecticut General Statutes section 47-258(m)(2).

Legislative Description

An Act Concerning Compliance With The Requirements Of The Federal Fair Debt Collection Practices Act By The Unit Owners' Association Of A Common Interest Community When Foreclosing A Lien On A Unit.

Last Action

Favorable Report, Tabled for the Calendar, Senate

4/27/2016

Committee Referrals

Banking4/26/2016
Judiciary2/26/2016

Full Bill Text

No bill text available