Connecticut § 49-30p Underwater mortgage: Definitions.

Connecticut Statutes

§ 49-30p — Underwater mortgage: Definitions.

Connecticut § 49-30p

Title 49Mortgages and Liens

Ch. 846Mortgages

This text of Connecticut § 49-30p (Underwater mortgage: Definitions.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 49-30p (2026).

Text

For purposes of this section and sections 49-30q to 49-30w, inclusive:

(1)“Mortgage” has the same meaning as provided in section 49-24a ;

(2)“Mortgagee” has the same meaning as provided in section 49-24a ;

(3)“Mortgagor” has the same meaning as provided in section 49-24a , except a mortgagor, for the purposes of sections 49-30p to 49-30w , inclusive, shall only include those mortgagors with personal net liquid assets, excluding retirement and tax advantaged health savings plans, that are less than one hundred thousand dollars;

(4)“Residential real property” has the same meaning as provided in section 49-24a ;

(5)“Senior lien” means the first security interest placed upon a property to secure payment of a debt or performance of an obligation before one or more junior liens;

(6)“Junior

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For purposes of this section and sections 49-30q to 49-30w, inclusive: (1) “Mortgage” has the same meaning as provided in section 49-24a ; (2) “Mortgagee” has the same meaning as provided in section 49-24a ; (3) “Mortgagor” has the same meaning as provided in section 49-24a , except a mortgagor, for the purposes of sections 49-30p to 49-30w , inclusive, shall only include those mortgagors with personal net liquid assets, excluding retirement and tax advantaged health savings plans, that are less than one hundred thousand dollars; (4) “Residential real property” has the same meaning as provided in section 49-24a ; (5) “Senior lien” means the first security interest placed upon a property to secure payment of a debt or performance of an obligation before one or more junior liens; (6) “Junior lien” means a security interest placed upon a property to secure payment of a debt or performance of an obligation after a senior lien is placed on such property; (7) “Lienholder” means a person who holds a security interest in real property; and (8) “Underwater mortgage” means a mortgage where the debt associated with such mortgage, along with any senior lien, exceeds the fair market value of the mortgaged property as determined by a court in accordance with sections 49-30t and 49-30u .