Old | New | Differences | |
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1 | 1 | ||
2 | 2 | ||
3 | 3 | LCO No. 2247 1 of 1 | |
4 | 4 | ||
5 | 5 | General Assembly Proposed Bill No. 6594 | |
6 | 6 | January Session, 2019 | |
7 | 7 | LCO No. 2247 | |
8 | 8 | ||
9 | 9 | ||
10 | 10 | Referred to Committee on BANKING | |
11 | 11 | ||
12 | 12 | ||
13 | 13 | Introduced by: | |
14 | 14 | REP. LUXENBERG, 12th Dist. | |
15 | 15 | ||
16 | 16 | ||
17 | 17 | ||
18 | 18 | AN ACT ESTABLISHING A SURCHARGE ON MORTGAGE | |
19 | 19 | ORIGINATION TO EXPAND FUNDING FOR CRUMBLING CONCRETE | |
20 | 20 | FOUNDATIONS. | |
21 | 21 | Be it enacted by the Senate and House of Representatives in General | |
22 | 22 | Assembly convened: | |
23 | 23 | ||
24 | 24 | That the general statutes be amended to require banks and 1 | |
25 | 25 | mortgage lenders to pay a one-hundred-dollar surcharge on each 2 | |
26 | 26 | residential mortgage loan originated for property in this state during 3 | |
27 | 27 | the period from July 1, 2019, to July 1, 2029, which surcharge shall not 4 | |
28 | 28 | be passed down to the borrower, and shall be used to expand funding 5 | |
29 | 29 | for the Connecticut Foundation Solutions Indemnity Company, LLC. 6 | |
30 | 30 | Statement of Purpose: | |
31 | 31 | To expand funding for the Connecticut Foundation Solutions | |
32 | 32 | Indemnity Company, LLC. |