| Old | New | Differences | |
|---|---|---|---|
| 1 | - | General Assembly Committee Bill No. 313 | |
| 2 | - | January Session, 2013 LCO No. 2661 | |
| 3 | - | *02661SB00313BA_* | |
| 1 | + | General Assembly Proposed Bill No. 313 | |
| 2 | + | January Session, 2013 LCO No. 2037 | |
| 4 | 3 | Referred to Committee on BANKS | |
| 5 | 4 | Introduced by: | |
| 6 | - | ||
| 5 | + | SEN. MCKINNEY, 28th Dist. | |
| 7 | 6 | ||
| 8 | 7 | General Assembly | |
| 9 | 8 | ||
| 10 | - | ||
| 9 | + | Proposed Bill No. 313 | |
| 11 | 10 | ||
| 12 | 11 | January Session, 2013 | |
| 13 | 12 | ||
| 14 | - | LCO No. 2661 | |
| 15 | - | ||
| 16 | - | *02661SB00313BA_* | |
| 13 | + | LCO No. 2037 | |
| 17 | 14 | ||
| 18 | 15 | Referred to Committee on BANKS | |
| 19 | 16 | ||
| 20 | 17 | Introduced by: | |
| 21 | 18 | ||
| 22 | - | ||
| 19 | + | SEN. MCKINNEY, 28th Dist. | |
| 23 | 20 | ||
| 24 | - | AN ACT PROHIBITING MORTGAGE LENDERS FROM IMPOSING ESCROW FEES ON BORROWERS WHO DO NOT ESCROW PROPERTY TAXES | |
| 21 | + | AN ACT PROHIBITING MORTGAGE LENDERS FROM IMPOSING ESCROW FEES ON BORROWERS WHO DO NOT ESCROW PROPERTY TAXES. | |
| 25 | 22 | ||
| 26 | 23 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 27 | 24 | ||
| 28 | - | Section 1. (NEW) (Effective October 1, 2013) No mortgagee, as defined in section 36a-671 of the general statutes, that does business in this state or holds or purchases a mortgage secured by property in this state, shall impose an escrow fee on a mortgagor if the mortgagee does not receive and hold in escrow funds from such mortgagor for the subsequent distribution to others, including, but not limited to, the payment of taxes or insurance. | |
| 29 | - | ||
| 30 | - | ||
| 31 | - | ||
| 32 | - | ||
| 33 | - | This act shall take effect as follows and shall amend the following sections: | |
| 34 | - | Section 1 October 1, 2013 New section | |
| 35 | - | ||
| 36 | - | This act shall take effect as follows and shall amend the following sections: | |
| 37 | - | ||
| 38 | - | Section 1 | |
| 39 | - | ||
| 40 | - | October 1, 2013 | |
| 41 | - | ||
| 42 | - | New section | |
| 25 | + | That the general statutes be amended to prohibit any mortgage lender doing business in this state or holding or purchasing a mortgage secured by property in this state from imposing an escrow fee on a borrower if the borrower does not escrow property taxes. | |
| 43 | 26 | ||
| 44 | 27 | Statement of Purpose: | |
| 45 | 28 | ||
| 46 | - | To prohibit mortgage lenders from imposing escrow fees on borrowers who do not escrow property taxes or insurance. | |
| 47 | - | ||
| 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.] | |
| 49 | - | ||
| 50 | - | ||
| 51 | - | ||
| 52 | - | Co-Sponsors: SEN. MCKINNEY, 28th Dist. | |
| 53 | - | ||
| 54 | - | Co-Sponsors: | |
| 55 | - | ||
| 56 | - | SEN. MCKINNEY, 28th Dist. | |
| 57 | - | ||
| 58 | - | S.B. 313 | |
| 29 | + | To prohibit mortgage lenders from imposing escrow fees on borrowers who do not escrow property taxes. |