Connecticut HB05224 modifies the Department of Consumer Protection's Real Estate Guaranty Fund procedures.
Connecticut HB05224 revises the Real Estate Guaranty Fund procedures managed by the Department of Consumer Protection. The bill repeals and replaces several sections of the general statutes related to the fund, including the process for paying claims, the conditions for contractor certificates, and the procedures for handling insufficient funds. It also outlines the conditions under which contractors can receive new or renewed certificates, the penalties for false statements, and the process for subrogation and reimbursement of the fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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