Bill > HB05087

This bill proposes two key changes related to the crumbling foundations remediation scheme in Connecticut. First, the legislation will expand the existing remediation program to include pyrite, a mineral that can cause structural damage to building foundations, alongside other problematic materials currently covered by the program. Second, the bill mandates that real estate documents must now include a specific disclosure warning potential homebuyers that if they choose to waive a home inspection, the Connecticut Foundation Solutions Indemnity Company, Inc. (CFSIC) will not provide financial assistance for foundation repairs. This requirement aims to encourage thorough home inspections and protect homebuyers by ensuring they are fully informed about the potential risks of skipping a professional home inspection, particularly in areas with known foundation issues. The bill reflects ongoing efforts in Connecticut to address widespread foundation problems and provide transparency in real estate transactions.

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https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05087&which_year=2025