Sec. 36a-756. (Formerly Sec. 36-9t). Title insurance as condition of mortgage on residential real estate prohibited.
Sec. 36a-756. (Formerly Sec. 36-9t). Title insurance as condition of mortgage
on residential real estate prohibited. No bank or out-of-state bank shall, in connection
with any application for a mortgage loan in this state which is secured by mortgage on
residential real estate located in this state, require any prospective mortgagor to obtain
by purchase or otherwise an owner's title insurance policy as a condition for the granting
of such mortgage.
(P.A. 83-61; P.A. 94-122, S. 335, 340.)
History: P.A. 94-122 made a technical change, effective January 1, 1995; Sec. 36-9t transferred to Sec. 36a-756 in 1995.