OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
HB-6878
AN ACT CONCERNING MORTGAGE FORECLOSURES AND
UNDISCHARGED MORTGAGES.
Primary Analyst: RP 3/23/25
Contributing Analyst(s):
Reviewer: PR
OFA Fiscal Note
State Impact: None
Municipal Impact: None
Explanation
The bill, which establishes a statute of limitations for foreclosure
actions and reduces the time after which an unreleased mortgage is
invalid under certain circumstances, results in no fiscal impact to the
state or to municipalities, because these changes primarily affect private
entities.
The court system disposes of over 20,000 housing summary process
cases annually, and the number of cases is not anticipated to be great
enough to result in a savings.
The Out Years
State Impact: None
Municipal Impact: None