Bill Text: CT SB00089 | 2015 | General Assembly | Introduced

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Bill Title: An Act Requiring The Banking Commissioner To Conduct A Study On Streamlining The Process For Transferring Properties With Underwater, Delinquent Or Foreclosed Mortgages.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-02-13 - Public Hearing 02/19 [SB00089 Detail]

Download: Connecticut-2015-SB00089-Introduced.html

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General Assembly		Proposed Bill No. 89
January Session, 2015		LCO No. 854
		*00854*
Referred to Committee on BANKING
Introduced by:
SEN. MARTIN, 31st Dist.

AN ACT REQUIRING THE BANKING COMMISSIONER TO CONDUCT A STUDY ON STREAMLINING THE PROCESS FOR TRANSFERRING PROPERTIES WITH UNDERWATER, DELINQUENT OR FORECLOSED MORTGAGES.

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

That the Banking Commissioner be required to conduct a study on streamlining the process for the transfer of properties with underwater, delinquent or foreclosed mortgages.

Statement of Purpose:

To require the Banking Commissioner to conduct a study on streamlining the process for the transfer of certain properties with underwater, delinquent or foreclosed mortgages to reduce the excess housing stock.