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The Connecticut Transfer Act applies to the transfer of establishments at which hazardous. waste is or was generated, at which hazardous waste from a different location was brought, or certain defined business operations (e.g. , sites on which the process of dry cleaning.
Although an outright transfer of a business or real estate would always require compliance with the Transfer Act, there are numerous transfers which are exempt. Some important exemptions include mortgages, some foreclosures and deeds in lieu of foreclosure, some leases, and easements.
The Connecticut Transfer Act, also known as the Connecticut Property Transfer Program, governs the transfer of hazardous waste sites in the State of Connecticut. The Transfer Act can be found in the Connecticut General Statutes (CGS) beginning at Section 22a-134.
It must be signed before a notary and two witnesses. The notary may be a witness, but the person receiving the ownership right cannot be a witness. In addition to the Deed, you will need a conveyance tax form. Although no tax will be due, you still need to complete the form.
In September 2020, the Connecticut legislature passed Public Act 20-9, which provides the framework to replace the Transfer Act with a release-based cleanup program, focusing on identified contamination and increasing efficiency of cleanup efforts in the state.
The deeds must meet a comprehensive set of requirements. The foremost requirement is that they must be in writing and must be signed by a grantor or an authorized representative. A deed requires the presence of two witnesses, who are not involved in the transaction. A notary can act as one of the witnesses.