LCO No. 1464 1 of 1
General Assembly Proposed Bill No. 5611
January Session, 2021
LCO No. 1464
Referred to Committee on BANKING
Introduced by:
REP. VARGAS, 6th Dist.
AN ACT CONCERNING PROPERTY APPRAISALS IN FORECLOSURE
PROCEEDINGS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That chapter 846 of the general statutes be amended to provide that 1
in an action to foreclose a mortgage the fair market value of the property 2
subject to foreclosure shall be determined only by a licensed appraiser 3
representing the interests of the property owner. 4
Statement of Purpose:
To require that the fair market value of a property subject to foreclosure
proceedings be determined by a licensed appraiser representing the
interests of the property owner.