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New CT Smoke & Carbon Monoxide Detector Law Is Creating Closing Problems
Connecticut adopt a new Smoke & Carbon Monoxide Detector Law on January 1, 2014. The law was past with good intentions, but like anything else no matter what the intention is if it isn't thoroughly thought out it creates issue. That is the case with Connecticut's new Smoke & Carbon Monoxide Detector Law, because it is obvious those who created and passed this legislation do not have knowledge of Lending Guidelines, and the Closing process. As a result the New CT Smoke & Carbon Monoxide Detector Law Is Creating Closing Problems.
The law in of itself seems Innocent enough, for example the new law:
Applies to any residential property designed to be occupied by 1-2 family built prior to October 1, 2005. These properties must have both a smoke and carbon monoxide detector. Homes built prior to October 1, 2005 are already required to have smoke and carbon monoxide detectors hardwired in the home. Detectors may be battery operated instead of hardwired, unless the building code when the house was built required the smoke and carbon monoxide detectors to be hardwired. For example homes built on or after October 1, 1985 are required to have hardwired smoke detectors here in CT, and homes built on ... more
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