LCO \\PRDFS1\HCOUSERS\BARRYJN\WS\2021HB-06553-R01- HB.docx 1 of 2 General Assembly Substitute Bill No. 6553 January Session, 2021 AN ACT PROTECTING PR OPERTY OWNERS AGE SI XTY AND OLDER FROM FORECLOSU RE. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective October 1, 2021) Notwithstanding the 1 provisions of chapter 205 of the general statutes, or any other provision 2 of the general statutes, or policies, rules or regulations promulgated 3 thereunder, no municipality shall: 4 (1) Place a lien on real property that is a principal residence of a 5 taxpayer age sixty or older for delinquent taxes equaling eight per cent 6 or less of the property's assessed value; 7 (2) Assess (A) interest on delinquent property taxes for such property 8 that exceeds the U.S. prime rate as reported by the Wall Street Journal 9 or twelve per cent per annum, whichever is lower, or (B) legal fees, 10 penalties or other fees associated with collection of delinquent taxes on 11 such property that exceed twenty per cent of taxes due at the time of 12 settlement; or 13 (3) Sell, assign or transfer a lien on such property to a third party 14 unless taxes have been delinquent on such property for not less than 15 four years. 16 Substitute Bill No. 6553 LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2021HB-06553- R01-HB.docx } 2 of 2 Sec. 2. (NEW) (Effective October 1, 2021) A municipal tax collector shall 17 annually include in a mailing concerning taxes to be collected from a 18 real property owner a notice that a taxpayer age sixty or older may (1) 19 notify the tax collector of his or her age and eligibility for the provisions 20 of section 1 of this act, and (2) designate a third party to receive notice 21 whenever such taxpayer becomes delinquent on payment of real 22 property taxes or water or sewer use assessments. Such notice shall 23 include forms for such notification and designation and any 24 documentation requirements concerning the age of the taxpayer 25 prescribed by the tax collector. 26 This act shall take effect as follows and shall amend the following sections: Section 1 October 1, 2021 New section Sec. 2 October 1, 2021 New section Statement of Legislative Commissioners: In Section 1(1) "unless taxes owed exceed eight per cent" was changed to "equaling eight per cent or less" for clarity and in Section 2 "property owner" was changed to "real property owner" and "property taxes" was changed to "real property taxes" for accuracy and consistency. AGE Joint Favorable Subst.