Connecticut 2019 Regular Session

Connecticut House Bill HB06594 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 2247 1 of 1
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55 General Assembly Proposed Bill No. 6594
66 January Session, 2019
77 LCO No. 2247
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1010 Referred to Committee on BANKING
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1313 Introduced by:
1414 REP. LUXENBERG, 12th Dist.
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1818 AN ACT ESTABLISHING A SURCHARGE ON MORTGAGE
1919 ORIGINATION TO EXPAND FUNDING FOR CRUMBLING CONCRETE
2020 FOUNDATIONS.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
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2424 That the general statutes be amended to require banks and 1
2525 mortgage lenders to pay a one-hundred-dollar surcharge on each 2
2626 residential mortgage loan originated for property in this state during 3
2727 the period from July 1, 2019, to July 1, 2029, which surcharge shall not 4
2828 be passed down to the borrower, and shall be used to expand funding 5
2929 for the Connecticut Foundation Solutions Indemnity Company, LLC. 6
3030 Statement of Purpose:
3131 To expand funding for the Connecticut Foundation Solutions
3232 Indemnity Company, LLC.