AN ACT CONCERNING THE DEPARTMENT OF CONSUMER PROTECTION'S RECOMMENDATIONS REGARDING VARIOUS GUARANTY FUNDS.

Summary

The bill moves oversight of several guaranty funds – real estate, home improvement, health‑club and new‑home construction – from existing agencies to the Department of Consumer Protection. It limits how long claimants have to seek payment, requires good‑faith attestations, stops interest from accruing after a debt is sent for collection, and adds fines for false filings. The changes affect consumers, contractors, health‑clubs and the state’s fund balances.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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