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Code · Connecticut · Title 36a — The Banking Law of Connecticut · CHAPTER 669* — Regulated Activities

Sec. 36a-868. Waiver provisions re provider obtaining prejudgment remedy. Unenforceable provisions.

76 words·~1 min read·/ct/title-36a/chapter-669-regulated-activities/36a-868·

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No commercial financing contract entered into on or after July 1, 2024, shall contain any provision waiving a recipient's right to notice, judicial hearing or prior court order under chapter 903a in connection with the provider obtaining any prejudgment remedy, including, but not limited to, attachment, execution, garnishment or replevin, upon commencing any litigation against the recipient. Any such provision in a commercial financing contract entered into on or after July 1, 2024, shall be unenforceable.
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