Connecticut Seal

General Assembly

 

Proposed Bill No. 6201

 

January Session, 2015

 

LCO No. 1621

 

*01621*

Referred to Committee on JUDICIARY

 

Introduced by:

 

REP. FOX, 148th Dist.

 

AN ACT CONCERNING COURT AUTHORITY TO WITHHOLD INTEREST PAYMENTS IN FORECLOSURE PROCEEDINGS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That section 49-31n of the general statutes be amended to provide that a court may withhold interest payments in a foreclosure proceeding upon finding that a lender has not demonstrated good faith when participating in the foreclosure mediation program.

Statement of Purpose:

To provide an incentive for lenders to demonstrate good faith in foreclosure mediation proceedings.