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CT SB00121

Bill

Official Source

Status

Introduced

1/13/2017

Primary Sponsor

Henri Martin

Click for details

Origin

Senate

2017 General Assembly

AI Summary

  • Requires electronic funds required in connection with obtaining a mortgage loan to be payable and available to parties at the time of closing
  • Amends general statutes to address timing and availability of funds in mortgage loan transactions
  • Ensures funds are present and accessible when the closing occurs, rather than at later dates
  • Referred to Committee on Banking
  • Introduced by Senator Martin from the 31st District during the January 2017 session

Legislative Description

An Act Concerning The Availability Of Electronic Funds At The Time Of Closing On A Mortgage Loan.

Last Action

Referred to Joint Committee on Banking

1/13/2017

Committee Referrals

Banking1/13/2017

Full Bill Text

No bill text available