Conn. Gen. Stat. § 36a-498b
Release of secondary mortgage. Notice of outstanding balance of obligation secured by secondary mortgage
Connecticut · General Statutes of Connecticut Chapter 668 — Nondepository Financial Institutions · Status: effective
Cite this
- Citation
- Conn. Gen. Stat. § 36a-498b, Release of secondary mortgage. Notice of outstanding balance of obligation secured by secondary mortgage, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2201017
- Permanent ID
ys:prov:2201017@1- SHA-256
07e2a363fabe269e48207fd292e0fe2bd20786a390a328c25a3eeef035cbb0bd
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Each mortgage lender, mortgage correspondent lender and mortgage broker, all as defined in section 36a-485 and licensed under section 36a-489, shall deliver to the mortgagor a release of a secondary mortgage:
(1) Upon receipt by such licensee of cash or a certified check in the amount of the outstanding balance of the obligation secured by such mortgage; or (2) upon payment by the payor bank, as defined in section 42a-4-105, of any check that is payable to such licensee or its assignee in the amount of the outstanding balance of the obligation secured by such mortgage.
(b) Each such licensee shall advise any person designated by the mortgagor of the amount of the outstanding balance of the obligation secured by the secondary mortgage granted to such licensee no later than the second business day after the licensee receives a request for such information.