Connecticut Seal

General Assembly

 

Proposed Bill No. 89

 

January Session, 2015

 

LCO No. 854

 

*00854*

Referred to Committee on BANKING

 

Introduced by:

 

SEN. MARTIN, 31st Dist.

 

AN ACT REQUIRING THE BANKING COMMISSIONER TO CONDUCT A STUDY ON STREAMLINING THE PROCESS FOR TRANSFERRING PROPERTIES WITH UNDERWATER, DELINQUENT OR FORECLOSED MORTGAGES.

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

That the Banking Commissioner be required to conduct a study on streamlining the process for the transfer of properties with underwater, delinquent or foreclosed mortgages.

Statement of Purpose:

To require the Banking Commissioner to conduct a study on streamlining the process for the transfer of certain properties with underwater, delinquent or foreclosed mortgages to reduce the excess housing stock.