Connecticut § 49-24a - Definitions.
Full text of Connecticut Connecticut General Statutes § 49-24a — Definitions., with citation guidance and answers to common questions.
§ 49-24a. Definitions.
Sec. 49-24a. Definitions. For purposes of a foreclosure by market sale in accordance with this section and sections 49-24b to 49-24g, inclusive:
(1) “Mortgage” means a mortgage deed, deed of trust or other equivalent consensual security interest on residential real property securing a loan made primarily for personal, family or household purposes that is first in priority over any other mortgages or liens encumbering the residential real property, except those liens that are given priority over a mortgage pursuant to state or federal law;
(2) “Mortgagee” means the owner or servicer of the debt secured by a mortgage;
(3) “Mortgagor” means the owner-occupant of residential real property located in this state who is also the borrower under the loan that is secured by a mortgage, other than a reverse annuity mortgage, encumbering such residential real property that is the primary residence of such owner-occupant, where the amount due on such mortgage loan, including accrued interest, late charges and other amounts secured by the mortgage, when added to amounts for which there is a prior lien by operation of law, exceeds the appraised value of the property; and
(4) “Residential real property” means a one-to-four-family dwelling occupied as a residence by a mortgagor.
(P.A. 14-84, S. 2; 14-217, S. 207; P.A. 16-65, S. 84.)
History: P.A. 14-217 changed effective date of P.A. 14-84, S. 2, from October 1, 2014, to January 1, 2015, effective June 13, 2014; P.A. 16-65 deleted reference to Sec. 49-31t and made a technical change.
Frequently Asked Questions About Connecticut § 49-24a
What does Connecticut General Statutes § 49-24a cover?
Section 49-24a ("Definitions.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 49-24a?
A common citation format is "Connecticut General Statutes § 49-24a" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 49-24a apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.