CT SB01336

Establishes a 10-year statute of limitations for commencing foreclosure actions on residential property, measured from either the mortgage maturity date or the date of the last payment, whichever occurs first (effective January 1, 2026)

Exempts first-priority mortgages recorded before January 1, 2026, and certain subordinate mortgages held by the original mortgagee or its successors from the new foreclosure time limits

Reduces from 20 years to 10 years the period of undisturbed possession after mortgage maturity required for an undischarged mortgage to become invalid as a lien against the property

Allows mortgage holders to toll the invalidity period for 10 years by recording a notice on land records that includes mortgagor names, recording information, and a statement of why the mortgage remains valid

Extends the foreclosure time limit if any law or order prohibits foreclosure actions during the final two years of the applicable deadline, adding time equal to the duration of the prohibition