Connecticut legislation · 2026 General Assembly
Connecticut HB5212: AN ACT REQUIRING ACCEPTANCE OF PERIODIC AND PARTIAL PAYMENTS ON CERTAIN MORTGAGE LOANS ISSUED BY CONNECTICUT BANKS AND CONNECTICUT CREDIT UNIONS.
Status: In committee, February 19, 2026
What the bill says
An act requiring acceptance of periodic and partial payments on certain mortgage loans issued by connecticut banks and connecticut credit unions. assembly convened.
From the introduced text:
AN ACT REQUIRING ACCEPTANCE OF PERIODIC AND PARTIAL PAYMENTS ON CERTAIN MORTGAGE LOANS ISSUED BY CONNECTICUT BANKS AND CONNECTICUT CREDIT UNIONS. Assembly convened: Section 1. (NEW) (Effective October 1, 2026) (a) As used in this section: (1) "Periodic payment" means a payment made in an amount sufficient to cover principal, interest and, if applicable, escrow for a given billing cycle; (2) "Partial payment" means a payment made in an amount less than a periodic payment; and (3) "Residential mortgage loan" means any loan that is (A) issued on or after October 1, 2026, by a Connecticut bank or a Connecticut credit union, as such terms are defined in section 36a-2 of the general statutes, (B) primarily for personal, family or household use, and (C) secured by a mortgage, deed of trust or other equivalent consensual security interest on a dwelling or residential real estate upon which is constructed or intended to be constructed a dwelling. LCO No. 1608 1 of Raised Bill No. 5212 (b) A periodic payment or a partial payment on a residential mortgage loan shall be accepted and credited, or treated as credited, in accordance with the terms of the residential mortgage loan, on the business day on which the payment is received, provided (1) the payment is made where the borrower has been instructed in writing …
Sponsors
- David Rutigliano (R, 123) · primary sponsor
- Mitch Bolinsky (R, 106)
Latest actions
- : Public Hearing 02/24
- : Referred to Joint Committee on Banking
Subjects: Credit unions, Banks
Common questions
- What is HB5212?
- HB5212 is a bill in the Connecticut Legislature (2026 General Assembly): AN ACT REQUIRING ACCEPTANCE OF PERIODIC AND PARTIAL PAYMENTS ON CERTAIN MORTGAGE LOANS ISSUED BY CONNECTICUT BANKS AND CONNECTICUT CREDIT UNIONS.
- What does HB5212 do?
- In its own words: An act requiring acceptance of periodic and partial payments on certain mortgage loans issued by connecticut banks and connecticut credit unions. assembly convened.
- What is the status of HB5212?
- In committee as of February 19, 2026. Latest action: Public Hearing 02/24 (February 19, 2026).
- Who sponsored HB5212?
- David Rutigliano (R, 123), with 1 co-sponsor.
- Where is the official record for HB5212?
- On the Connecticut Legislature website: https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05212&which_year=2026
Source: official Connecticut record. Tracked by Delilah, AI for legislation across all 50 states and Congress.