Connecticut § 49-24b - Agreement to pursue foreclosure by market sale.
Full text of Connecticut Connecticut General Statutes § 49-24b — Agreement to pursue foreclosure by market sale., with citation guidance and answers to common questions.
§ 49-24b. Agreement to pursue foreclosure by market sale.
Sec. 49-24b. Agreement to pursue foreclosure by market sale. A mortgagor and a mortgagee may agree, by mutual consent, to pursue a foreclosure by market sale pursuant to sections 49-24b to 49-24g, inclusive. Nothing herein shall be construed as requiring either the mortgagor or mortgagee to pursue a foreclosure by market sale or to consider a foreclosure by market sale in foreclosure mediation. Failure of either party to consent to a foreclosure by market sale for any reason shall not be a basis for a claim of bad faith.
(P.A. 14-84, S. 3; 14-217, S. 207, 249; P.A. 16-65, S. 81.)
History: P.A. 14-217 changed effective date of P.A. 14-84, S. 3, from October 1, 2014, to January 1, 2015, effective June 13, 2014, and amended Subsec. (a) to change “October 1, 2014” to “January 1, 2015”, effective January 1, 2015; P.A. 16-65 replaced former provisions with provisions re agreement to pursue foreclosure by market sale.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 49-24b
What does Connecticut General Statutes § 49-24b cover?
Section 49-24b ("Agreement to pursue foreclosure by market sale.") 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 § 49-24b?
A common citation format is "Connecticut General Statutes § 49-24b" (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 § 49-24b 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.