Connecticut § 49-5b - Required information in a mortgage contingency clause.
Full text of Connecticut Connecticut General Statutes § 49-5b — Required information in a mortgage contingency clause., with citation guidance and answers to common questions.
§ 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
Frequently Asked Questions About Connecticut § 49-5b
What does Connecticut General Statutes § 49-5b cover?
Section 49-5b ("Required information in a mortgage contingency clause.") 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 § 49-5b?
A common citation format is "Connecticut General Statutes § 49-5b" (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 § 49-5b 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.