CT HB05321

Revises the written residential disclosure report form that sellers must provide to prospective home buyers, establishing a standardized template prescribed by the Commissioner of Consumer Protection with specific formatting requirements (no more than 8.5" x 11" pages, 9-point minimum type, page numbers, and buyer/seller initials on each page).

Requires sellers to disclose detailed information about property conditions including mechanical systems, water and sewage systems, asbestos/lead presence, foundation issues, radon testing, and concrete foundation deterioration from pyrrhotite, with "yes," "no," "not applicable," or "unknown" checkboxes for each question.

Clarifies that a board member of the crumbling foundations captive insurance company who owns a property with pyrrhotite-damaged concrete foundations may apply for assistance from the company without constituting a conflict of interest, provided they abstain from deliberations on their own application.

Specifies that the captive insurance company may contract with the Connecticut Housing Finance Authority and participating lenders to develop loan programs and financial products with market-favorable terms to assist homeowners in repairing or replacing damaged concrete foundations.

Allocates all funding expended under Public Act 18-160 for lead removal, remediation, and abatement.