Bill Text: CT HB05607 | 2015 | General Assembly | Introduced

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Bill Title: An Act Requiring The Office Of The Secretary Of The State To Provide Timely Notice Of A Termination Of Lien.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-20 - Referred to Joint Committee on Judiciary [HB05607 Detail]

Download: Connecticut-2015-HB05607-Introduced.html

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General Assembly		Proposed Bill No. 5607
January Session, 2015		LCO No. 809
		*00809*
Referred to Committee on JUDICIARY
Introduced by:
REP. PERILLO, 113th Dist.

AN ACT REQUIRING THE OFFICE OF THE SECRETARY OF THE STATE TO PROVIDE TIMELY NOTICE OF A TERMINATION OF LIEN.

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

That chapter 33 of the general statutes be amended to require the Commercial Recording Division of the office of the Secretary of the State to: (1) Post on the Secretary of the State's Internet Concord System the filing of a "Termination of Lien" when a lien is terminated; and (2) purge a "Termination of Lien" one year from the lien's original lapse date or the date on which a "Termination of Lien" is posted on the Concord System, whichever first occurs.

Statement of Purpose:

To require the Commercial Recording Division of the office of the Secretary of the State to update the Concord System in a timely fashion when liens have been terminated.