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CT HB05495

Bill

Status

Introduced

3/7/2018

Primary Sponsor

Banking Committee

Click for details

Origin

House of Representatives

2018 General Assembly

AI Summary

  • Removes the June 30, 2019 sunset date for Connecticut's foreclosure mediation program, making it permanent effective October 1, 2018.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Banking3/7/2018

Full Bill Text

No bill text available