General Assembly Proposed Bill No. 6201
January Session, 2015 LCO No. 1621
*01621*
Referred to Committee on JUDICIARY
Introduced by:
REP. FOX, 148th Dist.
General Assembly
Proposed Bill No. 6201
January Session, 2015
LCO No. 1621
*01621*
Referred to Committee on JUDICIARY
Introduced by:
REP. FOX, 148th Dist.
AN ACT CONCERNING COURT AUTHORITY TO WITHHOLD INTEREST PAYMENTS IN FORECLOSURE PROCEEDINGS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 49-31n of the general statutes be amended to provide that a court may withhold interest payments in a foreclosure proceeding upon finding that a lender has not demonstrated good faith when participating in the foreclosure mediation program.
Statement of Purpose:
To provide an incentive for lenders to demonstrate good faith in foreclosure mediation proceedings.