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CT HB06296

Bill

Official Source

Status

Introduced

1/23/2017

Primary Sponsor

Bruce Morris

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Authorizes foreclosure of mortgages through statutory power of sale for commercial properties
  • Excludes owner-occupied residential real property from the power of sale foreclosure method
  • Excludes mortgages granted by religious corporations from the power of sale foreclosure method
  • Amends Connecticut general statutes to establish this foreclosure authority
  • Applies only to non-residential and non-religious entity mortgages

Legislative Description

An Act Concerning Foreclosure By Commercial Power Of Sale.

Last Action

Referred to Joint Committee on Banking

1/23/2017

Committee Referrals

Banking1/23/2017

Full Bill Text

No bill text available