Required information in a mortgage contingency clause. — Connecticut Code § 49-5b
Connecticut Code § 49-5b — Required information in a mortgage contingency clause.. Reproduced from the official Connecticut General Statutes, with a citation summary, verification link, and related provisions.
§ 49-5b. Required information in a mortgage contingency clause.
Sec. 49-5b. Required information in a mortgage contingency clause. Any mortgage contingency clause included in a bond for deed or a written agreement for sale of real estate which conditions the purchaser's performance on his obtaining a mortgage from a third party shall satisfy the provisions of section 52-550 if such mortgage contingency clause contains at least the following: (1) The principal amount in dollars of the loan the purchaser must obtain to fulfill such contingency; (2) the limit of the time period within which a commitment for such loan must be obtained, and (3) the term of the mortgage expressed in years.
(P.A. 76-69, S. 1, 2.)
Cited. 177 C. 569; 202 C. 566; 220 C. 553; 232 C. 294.
Cited. 23 CA 579.
Source: official Connecticut text · Last verified 2026-08-27
At a glance
- Citation: Connecticut General Statutes § 49-5b
- Jurisdiction: Connecticut
- Code: Connecticut General Statutes
- Subject: Required information in a mortgage contingency clause.
- Text: transcribed from the official source (verify below)
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