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CT SB00217

Bill

Official Source

Status

Introduced

2/18/2026

Primary Sponsor

Banking Committee

Click for details

Origin

Senate

2026 General Assembly

AI Summary

  • Mortgagees must accept mortgage payments on a monthly, semimonthly (twice per month), or biweekly (every two weeks) basis at the borrower's choice
  • Applies only to mortgage loans made on or after October 1, 2026
  • Amends existing statute Section 49-8a(i) governing acceptable forms of mortgage payment
  • Retains existing requirements that mortgagees accept bank checks, certified checks, attorney's client funds account checks, title insurance company checks, wire transfers, and federally authorized payment forms

Legislative Description

An Act Requiring Mortgagees To Accept Mortgage Payments Tendered On A Monthly, Semimonthly Or Biweekly Basis.

Last Action

Referred to Office of Legislative Research and Office of Fiscal Analysis 03/23/26 12:00 PM

3/16/2026

Committee Referrals

Banking2/18/2026

Full Bill Text

No bill text available