Connecticut 2012 Regular Session

Connecticut Senate Bill SB00159 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	General Assembly Substitute Bill No. 159
2		-	February Session, 2012 _____SB00159BA____032012____
	1	+	General Assembly Raised Bill No. 159
	2	+	February Session, 2012 LCO No. 1003
	3	+	01003_______BA_
	4	+	Referred to Committee on Banks
	5	+	Introduced by:
	6	+	(BA)
3	7
4	8		General Assembly
5	9
6		-	~~Substitute~~ Bill No. 159
	10	+	Raised Bill No. 159
7	11
8	12		February Session, 2012
9	13
10		-	~~_____SB00159BA____032012____~~
	14	+	LCO No. 1003
11	15
12		-	AN ACT CONCERNING A STUDY OF THE ELIMINATION OF THE PROVISION THAT PERMITS FORECLOSURE BY A HOLDER OF A NOTE WHO DOES NOT HAVE LEGAL TITLE TO THE MORTGAGED PREMISES.
	16	+	01003_______BA_
	17	+
	18	+	Referred to Committee on Banks
	19	+
	20	+	Introduced by:
	21	+
	22	+	(BA)
	23	+
	24	+	AN ACT CONCERNING A REPEAL OF THE PROVISION AUTHORIZING FORECLOSURE BY A HOLDER OF A NOTE WHO DOES NOT HAVE LEGAL TITLE.
13	25
14	26		Be it enacted by the Senate and House of Representatives in General Assembly convened:
15	27
16		-	Section 1. (Effective from passage) The Department of Banking shall study issues concerning the elimination of the provision that permits the person entitled to receive money secured by a mortgage to foreclose on such mortgage regardless of whether legal title to the mortgaged premises has been conveyed to such person. Not later than January 1, 2013, the Banking Commissioner shall report on such study, in accordance with the provisions of section ~~11-4a~~ of the general statutes, ~~to the joint standing committee of the General Assembly having cognizance of matters relating to banks.~~
	28	+	Section 1. Section 49-17 of the general statutes is repealed. (Effective October 1, 2012)
17	29
18	30
19	31
20	32
21	33		This act shall take effect as follows and shall amend the following sections:
22		-	Section 1 ~~from passage New~~ section
	34	+	Section 1 October 1, 2012 Repealer section
23	35
24	36		This act shall take effect as follows and shall amend the following sections:
25	37
26	38		Section 1
27	39
28		-	~~from passage~~
	40	+	October 1, 2012
29	41
30		-	~~New~~ section
	42	+	Repealer section
31	43
	44	+	Statement of Purpose:
32	45
	46	+	To repeal the provision that permits the mortgage to follow the note regardless of whether the holder of the note has legal title.
33	47
34		-	BA Joint Favorable Subst.
35		-
36		-	BA
37		-
38		-	Joint Favorable Subst.
	48	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]