Connecticut House Bill 5427 (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 financial institutions to leave the lesser of the account balance or one thousand dollars in a judgment debtor's account during a bank execution; (2) increase the amount of the threshold of the aggregate cash price of a repossessed motor vehicle or boat for purposes of the formula for calculating the prima facie fair market value of such motor vehicle or boat; (3) eliminate extension options and establish a firm ten-year statute of limitations for the enforcement of small claims judgments; and (4) clarify that credit card charges for the purchase of goods and services are not to be considered moneys loaned for purposes of post-judgment interest.

An Act Concerning Issues Relating To Debt Collection.

House Banking Committee

Sen. Martin Looney [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=HB05427&which_year=2020
Text	https://www.cga.ct.gov/2020/TOB/h/pdf/2020HB-05427-R00-HB.PDF