CT HB06688

Bill

An Act Concerning Mortgages, The Residential Heating Equipment Financing Program, The Connecticut Housing Finance Authority And Mobile Manufactured Homes.

Introduced
02/16/2023

In Committee
05/08/2023

Crossed Over
05/04/2023

Passed
06/07/2023

Dead

Signed/Enacted/Adopted
06/13/2023

Introduced Session

2023 General Assembly

Bill Summary

To require the Department of Banking to study issues concerning financial transactions.

AI Summary

This bill makes several changes to Connecticut's laws related to mortgages, the Residential Heating Equipment Financing Program, the Connecticut Housing Finance Authority, and mobile/manufactured homes: 1. It requires mortgage lenders to send mortgage modifications to borrowers at least 15 business days before the first modified payment is due, and establishes penalties for failure to do so. 2. It requires mortgage lenders to deliver mortgage releases to borrowers in addition to filing them with the town clerk. 3. It establishes requirements and procedures for borrowers or their representatives to record a mortgage release affidavit if the lender fails to timely provide the release. 4. It expands the Residential Heating Equipment Financing Program to include geothermal heating and cooling systems and heat pump dryers, and makes other changes to the program. 5. It makes changes to the Connecticut Housing Finance Authority's homeownership loan program, including allowing for amortizing, deferred, or forgivable loans, and establishing a small multifamily lending program. 6. It creates a working group to study ways to provide greater access to loans for purchasing mobile/manufactured homes to promote homeownership.

Committee Categories

Business and Industry

Sponsors (11)

Aundre Bumgardner (D), Larry Butler (D), Christine Conley (D), Tom Delnicki (R), Jaime Foster (D), Joshua Hall (D), Brian Lanoue (R), Pat Miller (D), Mary Mushinsky (D), Hilda Santiago (D), Jonathan Steinberg (D),

Other Sponsors (1)

Banking Committee (J)

Last Action

Signed by the Governor (on 06/13/2023)

Official Document

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06688&which_year=2023

Version:

Document Type	Source Location
State Bill Page	https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06688&which_year=2023
Analysis - Summary for Public Act No. 23-45	https://www.cga.ct.gov/2023/SUM/PDF/2023SUM00045-R02HB-06688-SUM.PDF
BillText	https://www.cga.ct.gov/2023/ACT/PA/PDF/2023PA-00045-R00HB-06688-PA.PDF
Bill Analysis For File Copy 752	https://www.cga.ct.gov/2023/BA/PDF/2023HB-06688-R010752-BA.PDF
Fiscal Note For File Copy 752	https://www.cga.ct.gov/2023/FN/PDF/2023HB-06688-R010752-FN.PDF
House Schedule A LCO# 7191 (J)	https://www.cga.ct.gov/2023/amd/H/pdf/2023HB-06688-R00HA-AMD.pdf
Bill Analysis for HB-6688, as amended by House "A"	https://www.cga.ct.gov/2023/BA/PDF/2023HB-06688-R01-BA.PDF
Fiscal Note for HB-6688, As Amended by House "A" (LCO 7191)	https://www.cga.ct.gov/2023/FN/PDF/2023HB-06688-R01-FN.PDF
Fiscal Note for Amendment LCO 7191 (See Fiscal Note Details)	https://www.cga.ct.gov/2023/fna/pdf/2023HB-06688-R00LCO07191-FNA.PDF
House LCO Amendment #7191 (J)	https://www.cga.ct.gov/2023/lcoamd/pdf/2023LCO07191-R00-AMD.pdf
Bill Analysis For File Copy 184	https://www.cga.ct.gov/2023/BA/PDF/2023HB-06688-R000184-BA.PDF
Fiscal Note For File Copy 184	https://www.cga.ct.gov/2023/FN/PDF/2023HB-06688-R000184-FN.PDF
BillText	https://www.cga.ct.gov/2023/TOB/H/PDF/2023HB-06688-R01-HB.PDF
BillText	https://www.cga.ct.gov/2023/TOB/H/PDF/2023HB-06688-R00-HB.PDF

Bill > HB06688

CT HB06688

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (11)

Other Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary