Conn. Gen. Stat. » Title 49 — MORTGAGES AND LIENS · Chapter 846 — Mortgages
Connecticut General Statutes

Conn. Gen. Stat. § 49-5b (2026)

Required information in a mortgage contingency clause

✓ current as of May 2026
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Any mortgage contingency clause included in a bond for deed or a written agreement for sale of real estate which conditions the purchaser's performance on his obtaining a mortgage from a third party shall satisfy the provisions of section 52-550 if such mortgage contingency clause contains at least the following: (1) The principal amount in dollars of the loan the purchaser must obtain to fulfill such contingency; (2) the limit of the time period within which a commitment for such loan must be obtained, and (3) the term of the mortgage expressed in years.

(P.A. 76-69, S. 1, 2.)

Cited. 177 C. 569; 202 C. 566; 220 C. 553; 232 C. 294.

Cited. 23 CA 579.

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Notes of Decisions
Cited in 6 cases, 1979–1995 · leading case: Dart & Bogue Co. v. Slosberg, 522 A.2d 763 (Conn. 1987).
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Dart & Bogue Co. v. Slosberg, 522 A.2d 763 (Conn. 1987). · cites it 9× “A particularly illuminating model for comparison is General Statutes § 49-5b, entitled “Required information in a mortgage contingency clause,” which sets forth minimum standards for satisfaction of the requirements of the statute of frauds, General Statutes § 52-550.”
Booth v. Flanagan, 583 A.2d 148 (Conn. App. Ct. 1990). · cites it 14× “76-69, now General Statutes § 49-5b, which provides that a mortgage contigency clause is sufficient to satisfy the statute of frauds if it contains at least the following information: (1) the principal amount of the loan required to fulfill the contigency; (2) the time period…”
Booth v. Flanagan, 599 A.2d 380 (Conn. 1991). · cites it 6× “Our certification was limited to the following issue: “What effect should a mortgage contingency clause, that does not comply with General Statutes § 49-5b, have where the buyers have waived the terms of the clause and are ready, willing and able to purchase the property without…”
Naugatuck Sav. Bank v. Fiorenzi, 654 A.2d 729 (Conn. 1995). · cites it 3× “) Similarly, General Statutes § 49-5b, which we have construed to set forth minimum requirements necessary to satisfy the statute of frauds, is entitled “Required information in a mortgage contingency clause.”
Maturo v. Scranton, 418 A.2d 928 (Conn. 1979). “1 Requirements for mortgage contingency clauses are now made explicit by § 49-5b of the General Statutes, effective April 21, 1976.”
Booth v. Flanagan, 584 A.2d 1191 (Conn. 1991). · cites it 2× “579 , is granted, limited to the following issue: “What effect should a mortgage contingency clause, that does not comply with General Statutes § 49-5b, have where the buyers have waived the terms of the clause and are ready, willing and able to purchase the property without…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.