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CT HB06739

Bill

Official Source

Status

Introduced

1/25/2017

Primary Sponsor

Tom Delnicki

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Prohibits lenders from seeking deficiency judgments against home equity loan borrowers when the property securing the loan has a crumbling foundation
  • Applies specifically to home equity loans only
  • Protects homeowners facing foundation damage from additional debt collection beyond property foreclosure
  • Referred to the Committee on Banking
  • Introduced by Representative Delnicki, 14th District, during the January 2017 session

Legislative Description

An Act Prohibiting Lenders Of A Home Equity Loan From Seeking A Deficiency Judgment.

Last Action

Public Hearing 02/14

2/10/2017

Committee Referrals

Banking1/25/2017

Full Bill Text

No bill text available