Conn. Gen. Stat. § 49-24b

Current with legislation from the 2024 Regular and Special Sessions.

Section 49-24b - Agreement to pursue foreclosure by market sale

A mortgagor and a mortgagee may agree, by mutual consent, to pursue a foreclosure by market sale pursuant to sections 49-24b to 49-24g, inclusive. Nothing herein shall be construed as requiring either the mortgagor or mortgagee to pursue a foreclosure by market sale or to consider a foreclosure by market sale in foreclosure mediation. Failure of either party to consent to a foreclosure by market sale for any reason shall not be a basis for a claim of bad faith.

( P.A. 14-84, S. 3; 14-217, S. 207, 249; P.A. 16-65, S. 81.)

Amended by P.A. 16-0065, S. 81 of the Connecticut Acts of the 2016 Regular Session, eff. 10/1/2016.

Amended by P.A. 14-0217, S. 207 of the Connecticut Acts of the 2014 Regular Session, eff. 6/13/2014.

Amended by P.A. 14-0217, S. 249 of the Connecticut Acts of the 2014 Regular Session, eff. 1/1/2015.

Added by P.A. 14-0084, S. 3 of the Connecticut Acts of the 2014 Regular Session, eff. 1/1/2015.