NOTICE: In accordance with Governor Lamont's emergency declaration, employees and the public are asked to observe social distancing measures to ensure communal safety and to slow the spread of the novel coronavirus (COVID-19). People are asked to work from home and telecommute wherever possible. Adhering to these instructions, the Department of Banking has closed its offices to the public. However, agency staff will continue to provide services to consumers and industry through telework. When contacting the Department, please use electronic communication whenever possible. Agency staff will continue to check voicemails during this time. Consumers are encouraged to use our online form for complaints. If you are unsure where to send an inquiry, you may send it to Department.Banking@ct.gov and it will be routed appropriately. Thank you for your patience during this time.

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Governor Malloy on Final Passage of Homeowner's Protection Bill
This news release was issued by the Governor's Office

June 3, 2013

Governor Dannel P. Malloy released the following statement upon final passage today of House Bill 6355 – An Act Concerning Homeowner Protection Rights.  The bill, introduced by Governor Malloy in January, requires all parties participating in the Foreclosure Mediation Program to mediate in good faith and establishes a reporting requirement to track the actions and behavior of the parties during this process.  It also creates a fast track foreclosure process to let the banks take ownership and sell properties when a homeowner has abandoned the property.

“Strong, stable communities are critical drivers of economic development,” Governor Malloy said.  “Ensuring a fair, expedient process for everyone in a foreclosure process is an important step towards protecting people and neighborhoods across Connecticut.  My appreciation to the co-chairs of the Banks Committee, State Representative William Tong and Senator Carlo Leone, for their work on this bill, and to the other legislators who made sure distressed homeowners will be protected from unfair practices.  This legislation, in conjunction with our mortgage assistance events and other programs, will help keep more people in their homes.”