AN ACT CONCERNING THE EMERGENCY MORTGAGE ASSISTANCE PROGRAM.

This bill updates the rules for Connecticut's Emergency Mortgage Assistance Program, allowing homeowners to apply for financial help if they are at least 30 days behind on their mortgage or other home-related debts due to hardships like job loss or medical issues. It also expands the definition of eligible expenses to include certain medical costs and clarifies how family income is calculated for eligibility purposes. Under the new provisions, homeowners must receive counseling from an approved agency and the program administrator must notify all lenders within eight business days after an application is submitted. The changes take effect on October 1, 2024, and aim to streamline assistance for residents facing foreclosure risks.