CT HB05212

Connecticut banks and credit unions must accept and credit both full periodic payments and partial payments on residential mortgage loans issued on or after October 1, 2026

Payments must be credited on the same business day they are received, according to the loan terms

Applies only to loans for personal, family, or household use that are secured by a dwelling or residential real estate

Borrowers must make payments at the location specified in writing by the lender and provide sufficient information to identify the mortgage account

Effective date: October 1, 2026