state_legiscan_backfill · CT
An Act Reducing Interest Due On Certain Delinquent Municipal Property Taxes.
February 13, 2025
Summary
If enacted, this bill would reduce the interest rate on delinquent municipal property tax liens from eighteen percent to twelve percent when such liens are assigned to third-party purchasers. This change directly impacts servicers who manage escrow accounts and remit property tax payments on behalf of borrowers.
AI-generated summary · May 21, 2026. Verify with your compliance counsel before acting.
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Common questions
- What does "An Act Reducing Interest Due On Certain Delinquent Municipal Property Taxes." cover?
- If enacted, this bill would reduce the interest rate on delinquent municipal property tax liens from eighteen percent to twelve percent when such liens…
- When was it published?
- It was published on February 13, 2025.
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