Connecticut Senate Bill SB00549

Connecticut 2021 Regular Session

• Introduced: 1/27/21
• Refer: 1/27/21

Caption

An Act Concerning Sewer Assessment Arrearages And Foreclosure.

Impact

The passage of SB00549 would significantly impact state laws concerning foreclosure procedures. It introduces a threshold that limits the financial liability required for a foreclosure to take place. By safeguarding homes from foreclosure based on lower arrearages, the state is intending to promote housing stability and prevent families from losing their homes over relatively small debts. This legislative move is expected to resonate with many homeowners who are struggling to meet various financial obligations, thus reflecting broader efforts to address housing affordability and security in the state.

Summary

SB00549, titled an Act Concerning Sewer Assessment Arrearages and Foreclosure, aims to provide protection for homeowners facing foreclosure due to sewer assessment arrearages. The bill specifically prohibits the foreclosure of owner-occupied dwellings if the sewer assessment arrearages are less than ten thousand dollars. This legislation reflects a growing concern about the impact of financial burdens on the ability of families to maintain their homes, particularly in light of economic challenges and rising housing costs.

Contention

While the bill addresses a critical issue of housing stability, there may be potential points of contention surrounding its implementation. Opponents might argue that such protections could complicate the recovery of unpaid sewer assessments and restrict municipal revenue. Proponents, however, view it as a necessary measure to prevent undue hardship on families. Ongoing discussions will likely focus on balancing the needs of municipalities for revenue against the need to ensure that families are not unjustly forced from their homes due to manageable financial setbacks.