{"data":{"id":"us-ct/conn.-gen.-stat.-36a-760d","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 36a-760d","heading":"Requirements for making nonprime home loans.","body":"A lender shall not make a nonprime home loan unless:\n(1) With respect to nonprime home loans that are first mortgage loans for which the lender receives an application on or after April 1, 2010, the lender requires and collects a monthly escrow for the payment of real property taxes and homeowners insurance. The provisions of this subdivision shall not apply to: (A) FHA loans; or (B) a nonprime home loan product which, in good faith, is generally designed and marketed to the public as a subordinate lien home equity loan product but is secured by a first mortgage loan;\n(2) To the extent applicable, the lender obtains the written certification or statement under section 36a-760c; and\n(3) The lender mailed or delivered to applicants, no later than the date three business days after the date of receipt of a completed application for a nonprime home loan, a notice containing a toll-free number that can be used to obtain a list of nonprofit housing counselors approved by the United States Department of Housing and Urban Development. For purposes of this subdivision, a lender may use the toll-free number which satisfies the requirements of Section 106(c)(5) of the Housing and Urban Development Act of 1968 (12 USC 1701(x) Section (c)(5)). No borrower shall have a private right of action for the lender's failure to deliver, on a timely basis, a notice required by this subdivision.","path":["TITLE 36a. THE BANKING LAW OF CONNECTICUT","CHAPTER 669*. REGULATED ACTIVITIES","PART X. OTHER MORTGAGE AND LOAN PRACTICES"],"source_url":"https://www.cga.ct.gov/current/pub/chap_669.htm#sec_36a-760d","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:12Z","sha256":"504428b987db38fa63ebe072ffa269363de4dd5a915687044487e3ef66c12674","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-36a-760c","next":"us-ct/conn.-gen.-stat.-36a-760e"},"notice":"GroundRules: Original legal text. Not legal advice."}