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CT HB06594

Bill

Official Source

Status

Introduced

1/29/2019

Primary Sponsor

Geoffrey Luxenberg

Click for details

Origin

House of Representatives

2019 General Assembly

AI Summary

  • Requires banks and mortgage lenders to pay a $100 surcharge on each residential mortgage loan originated for Connecticut properties
  • Surcharge applies to loans originated between July 1, 2019, and July 1, 2029
  • Surcharge cannot be passed on to borrowers
  • Revenue generated shall be used to expand funding for the Connecticut Foundation Solutions Indemnity Company, LLC

Legislative Description

An Act Establishing A Surcharge On Mortgage Origination To Expand Funding For Crumbling Concrete Foundations.

Last Action

Referred to Joint Committee on Banking

1/29/2019

Committee Referrals

Banking1/29/2019

Full Bill Text

No bill text available