General Assembly Proposed Bill No. 6739
January Session, 2017 LCO No. 2501
*02501*
Referred to Committee on BANKING
Introduced by:
REP. DELNICKI, 14th Dist.
General Assembly
Proposed Bill No. 6739
January Session, 2017
LCO No. 2501
*02501*
Referred to Committee on BANKING
Introduced by:
REP. DELNICKI, 14th Dist.
AN ACT PROHIBITING LENDERS OF A HOME EQUITY LOAN FROM SEEKING A DEFICIENCY JUDGMENT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to prohibit a lender of a home equity loan from seeking a deficiency judgment against the borrower of such loan where the foundation of the property securing the loan is crumbling.
Statement of Purpose:
To protect homeowners with crumbling foundations.