← All regulatory updates

state_legiscan_backfill · CT

An Act Concerning Consumer Credit And Commercial Financing.

February 6, 2025

Summary

If enacted, this bill would modify licensing and registration requirements for mortgage servicers, private education lenders, and sales finance companies. It also imposes new disclosure obligations for shared appreciation agreements and requires private student loan creditors to establish procedures for cosigner releases.

Source: https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01257&which_year=2025

Common questions

What does "An Act Concerning Consumer Credit And Commercial Financing." cover?
If enacted, this bill would modify licensing and registration requirements for mortgage servicers, private education lenders, and sales finance companies.…
When was it published?
It was published on February 6, 2025.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Related updates