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CT HB05495
Bill
Status
3/7/2018
Primary Sponsor
Banking Committee
Click for details
AI Summary
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Removes the June 30, 2019 sunset date for Connecticut's foreclosure mediation program, making it permanent effective October 1, 2018.
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Extends foreclosure mediation requirements indefinitely for residential properties with return dates on or after July 1, 2009, and religious organization properties with return dates on or after October 1, 2011.
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Maintains existing mediation procedures including mandatory notices to mortgagors, 15-day filing deadlines for mediation requests, and premediation processes requiring financial documentation submission within 35 days.
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Continues the requirement that mediators file reports with the court within 3 business days after each mediation session detailing party compliance, financial documentation status, and foreclosure alternatives discussed.
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Updates statutory references throughout to reflect the program's continuation and removes all date-specific language limiting the program's operation, ensuring ongoing funding within available appropriations.
Legislative Description
An Act Removing The Sunset Date For The Foreclosure Mediation Program.
Last Action
File Number 324
4/9/2018