A legal challenge in Washington State a few years ago caused banks to halt maintenance activity to the consternation of local governments. Eventually it was addressed by collaborative legislation.
Now Connecticut has introduced legislation seeking to cause similar results.
Requiring banks to get permission prior to securing a vacant property (not going to happen) or getting a court order (expect delays and costs) is shortsighted.
We are certain the motives are pure, well intentioned and similar to those in Washington State. However it is critical to remember the need to protect the rights of the individual homeowner (who though has vacated the property still retains those rights), MUST be balanced with the rights of the neighboring property owners and the entire community.
 
This legislation does the exact opposite!
It is not often local government, specifically code enforcement and the banking industry are in agreement. This should be one of those times.
For more information, please click here.
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