Connecticut SB00256 regulates the purchase of residential properties by private equity entities.

Connecticut SB00256 imposes restrictions on private equity entities purchasing single-family and two-family residences. It mandates that private equity entities wait 75 days after listing a residence for public sale before making a purchase. The bill defines "private equity entity" and exempts certain residences from these restrictions. Violations may result in civil penalties up to $250,000 and allow the Attorney General to seek injunctive relief.

Connecticut SB00256 regulates the purchase of residential properties by private equity entities.

Connecticut SB00256 imposes restrictions on private equity entities purchasing single-family and two-family residences. It mandates that private equity entities wait 75 days after listing a residence for public sale before making a purchase. The bill defines "private equity entity" and exempts certain residences from these restrictions. Violations may result in civil penalties up to $250,000 and allow the Attorney General to seek injunctive relief.