Old | New | Differences | |
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1 | 1 | ||
2 | 2 | ||
3 | 3 | LCO No. 1464 1 of 1 | |
4 | 4 | ||
5 | 5 | General Assembly Proposed Bill No. 5611 | |
6 | 6 | January Session, 2021 | |
7 | 7 | LCO No. 1464 | |
8 | 8 | ||
9 | 9 | ||
10 | 10 | Referred to Committee on BANKING | |
11 | 11 | ||
12 | 12 | ||
13 | 13 | Introduced by: | |
14 | 14 | REP. VARGAS, 6th Dist. | |
15 | 15 | ||
16 | 16 | ||
17 | 17 | ||
18 | 18 | AN ACT CONCERNING PROPERTY APPRAISALS IN FORECLOSURE | |
19 | 19 | PROCEEDINGS. | |
20 | 20 | Be it enacted by the Senate and House of Representatives in General | |
21 | 21 | Assembly convened: | |
22 | 22 | ||
23 | 23 | That chapter 846 of the general statutes be amended to provide that 1 | |
24 | 24 | in an action to foreclose a mortgage the fair market value of the property 2 | |
25 | 25 | subject to foreclosure shall be determined only by a licensed appraiser 3 | |
26 | 26 | representing the interests of the property owner. 4 | |
27 | 27 | Statement of Purpose: | |
28 | 28 | To require that the fair market value of a property subject to foreclosure | |
29 | 29 | proceedings be determined by a licensed appraiser representing the | |
30 | 30 | interests of the property owner. |