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CT HB05609

Bill

Official Source

Status

Introduced

1/27/2021

Primary Sponsor

Stephen Harding

Click for details

Origin

House of Representatives

2021 General Assembly

AI Summary

  • Requires mortgage companies to release at least a portion of insurance funds received from homeowner property damage claims to the homeowners themselves.

  • Applies only when homeowners have entered into a contract with a contractor to repair the property damage.

  • Amends Connecticut general statutes to establish this requirement for mortgage company fund releases.

  • Referred to the Committee on Banking during the January 2021 session.

  • Introduced by Rep. Harding of the 107th District.

Legislative Description

An Act Requiring Mortgage Companies To Release Certain Funds To Homeowners For The Repair Of Property Damage.

Last Action

Public Hearing 02/09

2/4/2021

Committee Referrals

Banking1/27/2021

Full Bill Text

No bill text available