Connecticut House Bill 5428 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on March 3 2020 - 25% progression, died in committee
Action: 2020-03-04 - Public Hearing 03/10
Pending: Joint Banking Committee
Text: Latest bill text (Introduced) [PDF]

To: (1) Require a mortgagee to deliver the mortgage release to the town clerk and a certified copy of such release to the mortgagor; (2) require a mortgagee to accept a payment for mortgage releases from an attorney's IOLTA account; (3) require the acceptance of certain payments on mortgage loans issued by Connecticut banks and Connecticut credit unions on and after October 1, 2020; and (4) allow property owners to substitute bonds for mechanic's liens without seeking judicial intervention.

An Act Concerning Issues Relating To Mortgages And Mechanic's Liens.

House Banking Committee

Rep. Jason Doucette [D]

Date	Chamber	Action
2020-03-04	House	Public Hearing 03/10
2020-03-03	House	Referred to Joint Committee on Banking

Type	Source
Summary	https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05428&which_year=2020
Text	https://www.cga.ct.gov/2020/TOB/h/pdf/2020HB-05428-R00-HB.PDF