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CT HB06737

Bill

Official Source

Status

Introduced

1/25/2017

Primary Sponsor

Banking Committee

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Purchasers of real property in Connecticut may require sellers to waive any constructive trust claims as a condition of purchase offers.

  • Lending institutions may require sellers to waive constructive trust claims as a condition of granting mortgage loans for real property purchases in Connecticut.

  • The act applies to lending institutions as defined in section 8-243 of the general statutes.

  • The legislation takes effect on October 1, 2017.

Legislative Description

An Act Allowing Purchasers Of Real Property And Mortgage Lenders To Require Sellers Of Such Property To Waive Constructive Trust Claims.

Last Action

Motion Failed JF

4/25/2017

Committee Referrals

Judiciary4/19/2017
Banking1/25/2017

Full Bill Text

No bill text available