OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www. cga. ct. gov/ofa

sHB-6897

AN ACT CONCERNING LIQUIDATED DAMAGES PROVISIONS IN CONTRACTS, REQUESTS FOR MORTGAGE PAYOFF STATEMENTS AND THE REPOSSESSION OF MOTOR VEHICLES IN BANKRUPTCY CASES.

As Amended by House "A" (LCO 7566), House "B" (LCO 7220)

House Calendar No. : 515

OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill makes changes to statutes governing certain transactions between private parties. There is no related fiscal impact.

House Amendment “A” altered the notice requirements in certain contracts, and has no fiscal impact.

House Amendment “B” made changes related to requests for mortgage payoff statements, and has no fiscal impact.

The Out Years

State Impact: None

Municipal Impact: None