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.
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