Connecticut House Bill HB05375

Connecticut 2021 Regular Session

• Introduced: 1/22/21
• Refer: 1/22/21

Caption

An Act Protecting A Mortgagor From An Unreasonable Invasion Of His Or Her Privacy By A Mortgage Holder.

Impact

If enacted, HB 05375 will amend existing statutes to protect the sanctity of residential privacy, ensuring that homeowners are not subjected to unwarranted intrusions by their mortgagee. By clarifying the conditions under which a mortgage holder can access the property, the bill firmly establishes the owner's rights and delivers stronger safeguards against potential abuses, thereby reinforcing the balance of power in mortgage agreements.

Summary

House Bill 05375 is designed to enhance the privacy protections of mortgagors against unreasonable invasions of privacy by mortgage holders. The bill specifically prohibits owners or servicers of first mortgages on one-to-four-family residential dwellings from entering the secured property without the homeowner's permission or a court order. This legislative move is a response to growing concerns regarding the rights of homeowners and the extent of control exercised by mortgage holders over residential properties.

Contention

The proposal may generate debate particularly surrounding the definition of 'unreasonable invasion' and the circumstances under which a mortgagee might need access to the property. Some stakeholders may argue that these restrictions could complicate loan administration or affect the ability of lenders to enforce their rights in cases of loan default. Advocates for the bill, on the other hand, believe that it is a necessary protection to prevent abuse of power and to uphold the rights of homeowners.