Connecticut Seal

General Assembly

 

Raised Bill No. 410

February Session, 2016

 

LCO No. 1946

 

*01946_______BA_*

Referred to Committee on BANKING

 

Introduced by:

 

(BA)

 

AN ACT REPEALING THE MORTGAGOR IN GOOD STANDING STATUTE.

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

Section 1. Section 49-31u of the general statutes is repealed. (Effective from passage)

This act shall take effect as follows and shall amend the following sections:

Section 1

from passage

Repealer section

Statement of Purpose:

To remove the requirement that a mortgagee provide a mortgagor with a certificate of good standing, at the request of such mortgagor, where such mortgagor has completed a foreclosure mediation program and remained current on payments for a period of three or more years following the completion of such program.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]