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CT SB00658

Bill

Official Source

Status

Introduced

1/18/2023

Primary Sponsor

James Maroney

Click for details

Origin

Senate

2023 General Assembly

AI Summary

  • Department of Banking shall develop an Internet website for first-time homebuyers to apply for mortgage loans on residential properties in distressed municipalities or federally designated opportunity zones

  • Community banks may access the website to determine which loans to make

  • State shall provide credit enhancement by underwriting not more than 10 percent of loss on each loan

  • Amends title 36a of the Connecticut general statutes

Legislative Description

An Act Concerning First-time Homebuyer Mortgage Loans For Properties In Certain Locations.

Last Action

Public Hearing 02/10

2/6/2023

Committee Referrals

Banking1/18/2023

Full Bill Text

No bill text available