2012 Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 664 - General Statement and Definitions
Section 36a-3 - Other defined terms.
Other definitions applying to this title or to specified parts thereof and the sections in which they appear are:
| “Account”. Sections 36a-155 and 36a-365. |
| “Additional proceeds”. Section 36a-746e. |
| “Administrative expense”. Section 36a-237. |
| “Advance fee”. Sections 36a-485 and 36a-615. |
| “Advertise”, “advertisement” or “advertising”. Section 36a-485. |
| “Agency bank”. Section 36a-285. |
| “Agent”. Section 36a-494. |
| “Alternative mortgage loan”. Section 36a-265. |
| “Amount financed”. Section 36a-690. |
| “Annual percentage rate”. Section 36a-690. |
| “Annual percentage yield”. Section 36a-316. |
| “Annuities”. Section 36a-455a. |
| “Applicant”. Section 36a-736. |
| “APR”. Section 36a-746a. |
| “Assessment area”. Section 36a-37. |
| “Assets”. Section 36a-70. |
| “Associate”. Section 36a-184. |
| “Associated member”. Section 36a-458a. |
| “Bank”. Section 36a-30. |
| “Bankers’ bank”. Section 36a-70. |
| “Banking business”. Section 36a-425. |
| “Basic services”. Section 36a-437a. |
| “Billing cycle”. Section 36a-565. |
| “Bona fide nonprofit organization”. Sections 36a-487 and 36a-655. |
| “Branch”. Sections 36a-145, 36a-410 and 36a-435b. |
| “Branch office”. Section 36a-485. |
| “Branch or agency net payment entitlement”. Section 36a-428n. |
| “Branch or agency net payment obligation”. Section 36a-428n. |
| “Broker”. Section 36a-746a. |
| “Business and industrial development corporation”. Section 36a-626. |
| “Business and property in this state”. Section 36a-428n. |
| “Capital”. Section 36a-435b. |
| “Cash advance”. Section 36a-564. |
| “Cash price”. Section 36a-770. |
| “Certificate of incorporation”. Section 36a-435b. |
| “CHFA loan”. Section 36a-760. |
| “Clerical or support duties”. Section 36a-485. |
| “Closely related activities”. Sections 36a-250 and 36a-455a. |
| “Collective managing agency account”. Section 36a-365. |
| “Commercial vehicle”. Section 36a-770. |
| “Community bank”. Section 36a-70. |
| “Community credit union”. Section 36a-37. |
| “Community development bank”. Section 36a-70. |
| “Community reinvestment performance”. Section 36a-37. |
| “Connecticut holding company”. Sections 36a-53 and 36a-410. |
| “Consolidate”. Section 36a-145. |
| “Construction loan”. Section 36a-458a. |
| “Consumer”. Sections 36a-155, 36a-676 and 36a-695. |
| “Consumer Credit Protection Act”. Section 36a-676. |
| “Consumer debtor” and “debtor”. Sections 36a-645 and 36a-800. |
| “Consumer collection agency”. Section 36a-800. |
| “Consummation”. Section 36a-746a. |
| “Control person”. Section 36a-485. |
| “Controlling interest”. Section 36a-276. |
| “Conventional mortgage rate”. Section 36a-760. |
| “Corporate”. Section 36a-435b. |
| “Credit”. Sections 36a-645 and 36a-676. |
| “Credit manager”. Section 36a-435b. |
| “Creditor”. Sections 36a-676, 36a-695 and 36a-800. |
| “Credit card”, “cardholder” and “card issuer”. Section 36a-676. |
| “Credit clinic”. Section 36a-700. |
| “Credit rating agency”. Section 36a-695. |
| “Credit report”. Section 36a-695. |
| “Credit sale”. Section 36a-676. |
| “Credit union service organization”. Section 36a-435b. |
| “Credit union service organization services”. Section 36a-435b. |
| “De novo branch”. Section 36a-410. |
| “Debt”. Section 36a-645. |
| “Debt adjustment”. Section 36a-655. |
| “Debt mutual fund”. Sections 36a-275 and 36a-459a. |
| “Debt securities”. Sections 36a-275 and 36a-459a. |
| “Debtor”. Section 36a-655. |
| “Deliver”. Section 36a-316. |
| “Deposit”. Section 36a-316. |
| “Deposit account”. Section 36a-316. |
| “Deposit account charge”. Section 36a-316. |
| “Deposit account disclosures”. Section 36a-316. |
| “Deposit contract”. Section 36a-316. |
| “Deposit services”. Section 36a-425. |
| “Depositor”. Section 36a-316. |
| “Depository institution”. Section 36a-485. |
| “Derivative transaction”. Section 36a-262. |
| “Director”. Section 36a-435b. |
| “Dwelling”. Section 36a-485. |
| “Earning period”. Section 36a-316. |
| “Electronic payment instrument”. Section 36a-596. |
| “Eligible collateral”. Section 36a-330. |
| “Eligible entity”. Section 36a-34. |
| “Employee”. Section 36a-485. |
| “Entity”. Section 36a-380. |
| “Equity mutual fund”. Sections 36a-276 and 36a-459a. |
| “Equity security”. Sections 36a-276 and 36a-459a. |
| “Executive officer”. Sections 36a-263 and 36a-469c. |
| “Expedited Connecticut bank”. Section 36a-70. |
| “Experience in the mortgage business”. Section 36a-488. |
| “Federal banking agency”. Section 36a-485. |
| “Federal Credit Union Act”. Section 36a-435b. |
| “Federal Home Mortgage Disclosure Act”. Section 36a-736. |
| “FHA loan”. Section 36a-760. |
| “Fiduciary”. Section 36a-365. |
| “Filing fee”. Section 36a-770. |
| “Finance charge”. Sections 36a-690 and 36a-770. |
| “Financial institution”. Sections 36a-41, 36a-44a, 36a-155, 36a-316, 36a-330, |
| 36a-435b, 36a-736 and 36a-755. |
| “Financial records”. Section 36a-41. |
| “First mortgage loan”. Sections 36a-485, 36a-705, 36a-715 and 36a-725. |
| “Foreign banking corporation”. Section 36a-425. |
| “Fully indexed rate”. Section 36a-760b. |
| “General facility”. Section 36a-580. |
| “Global net payment entitlement”. Section 36a-428n. |
| “Global net payment obligation”. Section 36a-428n. |
| “Goods”. Sections 36a-535 and 36a-770. |
| “Graduated payment mortgage loan”. Section 36a-265. |
| “Guardian”. Section 36a-365. |
| “High cost home loan”. Section 36a-746a. |
| “Holder”. Section 36a-596. |
| “Home banking services”. Section 36a-170. |
| “Home banking terminal”. Section 36a-170. |
| “Home improvement loan”. Section 36a-736. |
| “Home purchase loan”. Section 36a-736. |
| “Home state”. Section 36a-410. |
| “Housing finance agency”. Section 36a-487. |
| “Immediate family member”. Sections 36a-435b and 36a-485. |
| “Independent contractor”. Section 36a-485. |
| “Individual”. Section 36a-485. |
| “Insider”. Section 36a-454b. |
| “Installment loan contract”. Sections 36a-535 and 36a-770. |
| “Insurance”. Section 36a-455a. |
| “Insurance bank”. Section 36a-285. |
| “Insurance department”. Section 36a-285. |
| “Interest”. Section 36a-316. |
| “Interest rate”. Section 36a-316. |
| “Interim interest”. Section 36a-746a. |
| “Lender”. Sections 36a-746a, 36a-760 and 36a-770. |
| “Lessor”. Section 36a-676. |
| “License”. Section 36a-626. |
| “Licensee”. Sections 36a-596 and 36a-626. |
| “Limited branch”. Section 36a-145. |
| “Limited facility”. Section 36a-580. |
| “Loan broker”. Section 36a-615. |
| “Loan processor or underwriter”. Section 36a-485. |
| “Loss”. Section 36a-330. |
| “Made in this state”. Section 36a-770. |
| “Main office”. Section 36a-485. |
| “Managing agent”. Section 36a-365. |
| “Manufactured home”. Section 36a-457b. |
| “Material litigation”. Section 36a-596. |
| “Member”. Section 36a-435b. |
| “Member business loan”. Section 36a-458a. |
| “Member in good standing”. Section 36a-435b. |
| “Membership share”. Section 36a-435b. |
| “Mobile branch”. Sections 36a-145 and 36a-435b. |
| “Money order”. Section 36a-596. |
| “Money transmission”. Section 36a-365. |
| “Mortgage”. Section 36a-760g. |
| “Mortgage broker”. Sections 36a-485, 36a-705 and 36a-760. |
| “Mortgage correspondent lender”. Section 36a-485. |
| “Mortgage insurance”. Section 36a-725. |
| “Mortgage lender”. Sections 36a-485, 36a-705 and 36a-725. |
| “Mortgage loan”. Sections 36a-261, 36a-265, 36a-457b and 36a-736. |
| “Mortgage loan originator”. Section 36a-485. |
| “Mortgage rate lock-in”. Section 36a-705. |
| “Mortgage servicing company”. Section 36a-715. |
| “Mortgagor”. Section 36a-715. |
| “Motor vehicle”. Section 36a-770. |
| “Multiple common bond membership”. Section 36a-435b. |
| “Municipality”. Section 36a-800. |
| “Net outstanding member business loan balance”. Section 36a-458a. |
| “Net worth”. Sections 36a-441a, 36a-458a and 36a-596. |
| “Network”. Section 36a-155. |
| “Nonprime home loan”. Section 36a-760. |
| “Nonrefundable”. Section 36a-498. |
| “Nontraditional mortgage product”. Section 36a-489a. |
| “Note account”. Sections 36a-301 and 36a-456b. |
| “Office”. Sections 36a-23, 36a-316 and 36a-485. |
| “Officer”. Section 36a-435b. |
| “Open-end credit plan”. Section 36a-676. |
| “Open-end line of credit”. Section 36a-760. |
| “Open-end loan”. Section 36a-565. |
| “Organization”. Section 36a-800. |
| “Out-of-state holding company”. Section 36a-410. |
| “Outstanding”. Section 36a-596. |
| “Passbook savings account”. Section 36a-316. |
| “Payment instrument”. Section 36a-596. |
| “Periodic statement”. Section 36a-316. |
| “Permissible investment”. Section 36a-596. |
| “Person”. Sections 36a-184 and 36a-485. |
| “Post”. Section 36a-316. |
| “Prepaid finance charge”. Section 36a-746a. |
| “Prime quality”. Section 36a-596. |
| “Principal amount of the loan”. Section 36a-485. |
| “Processor”. Section 36a-155. |
| “Public deposit”. Section 36a-330. |
| “Purchaser”. Section 36a-596. |
| “Qualified financial contract”. Section 36a-428n. |
| “Qualified public depository” and “depository”. Section 36a-330. |
| “Real estate”. Section 36a-457b. |
| “Real estate brokerage activity”. Section 36a-485. |
| “Records”. Section 36a-17. |
| “Registered mortgage loan originator”. Section 36a-485. |
| “Related person”. Section 36a-53. |
| “Relocate”. Sections 36a-145 and 36a-462a. |
| “Residential mortgage loan”. Section 36a-485. |
| “Residential real estate”. Section 36a-485. |
| “Resulting entity”. Section 36a-34. |
| “Retail buyer”. Sections 36a-535 and 36a-770. |
| “Retail credit transaction”. Section 42-100b. |
| “Retail installment contract”. Sections 36a-535 and 36a-770. |
| “Retail installment sale”. Sections 36a-535 and 36a-770. |
| “Retail seller”. Sections 36a-535 and 36a-770. |
| “Reverse annuity mortgage loan”. Section 36a-265. |
| “Sales finance company”. Sections 36a-535 and 36a-770. |
| “Savings department”. Section 36a-285. |
| “Savings deposit”. Section 36a-316. |
| “Secondary mortgage loan”. Section 36a-485. |
| “Security convertible into a voting security”. Section 36a-184. |
| “Senior management”. Section 36a-435b. |
| “Settlement agent”. Section 36a-494. |
| “Share”. Section 36a-435b. |
| “Simulated check”. Section 36a-485. |
| “Single common bond membership”. Section 36a-435b. |
| “Special mortgage”. Section 36a-760c. |
| “Social purpose investment”. Section 36a-277. |
| “Sponsored”. Section 36a-485. |
| “Standard mortgage loan”. Section 36a-265. |
| “System”. Section 36a-485. |
| “Table funding agreement”. Section 36a-485. |
| “Tax and loan account”. Sections 36a-301 and 36a-456b. |
| “The Savings Bank Life Insurance Company”. Section 36a-285. |
| “Time account”. Section 36a-316. |
| “Travelers check”. Section 36a-596. |
| “Troubled Connecticut credit union”. Section 36a-448a. |
| “Unique identifier”. Section 36a-485. |
| “Unsecured loan”. Section 36a-615. |
| “Warehouse agreement”. Section 36a-485. |
(P.A. 94-122, S. 3, 340; P.A. 95-49, S. 1; 95-129, S. 1; 95-155, S. 3, 29; 95-253, S. 11, 19; P.A. 96-44, S. 8; P.A. 97-160, S. 2, 7; 97-209, S. 1, 6; P.A. 98-192, S. 1; P.A. 99-22, S. 1, 8; 99-63, S. 1; 99-158, S. 1; P.A. 00-14, S. 1, 3; P.A. 01-9, S. 1, 11, 01-34, S. 1; 01-56, S. 1; 01-76, S. 1, 5; P.A. 02-73, S. 2; 02-111, S. 1; P.A. 03-196, S. 2; 03-259, S. 1; P.A. 04-136, S. 2; P.A. 07-72, S. 1; P.A. 08-119, S. 1; 08-176, S. 34; P.A. 09-100, S. 1; P.A. 12-96, S. 6.)
History: P.A. 94-122 effective January 1, 1995; P.A. 95-49 added references to “network” and “processor” definitions and added a reference to Sec. 36a-155 in previously referenced “account”, “consumer” and “financial institution” definitions; P.A. 95-129 added reference to “bankers’ bank” definition; P.A. 95-155 added reference to “bank”, “de novo branch”, and “home state” definitions and added a reference to Sec. 36a-410 in “branch” definition, effective June 27, 1995; P.A. 95-253 added references to “general facility” and “limited facility” definitions, effective July 6, 1995; P.A. 96-44 added references to “controlling interest”, “debt mutual fund”, and “equity mutual fund” (Revisor’s note: P.A. 96-44 omitted the reference to Sec. 36a-316 after “Financial institutions”. Since the reference was not enclosed within brackets the omission has been treated as a clerical error and the reference to Sec. 36a-316 preserved); P.A. 97-160 added references to “branch or agency net payment entitlement”, “branch or agency net payment obligation”, “business and property in this state”, “global net payment entitlement”, “global net payment net payment obligation” and “qualified financial contract” definitions, effective June 24, 1997; P.A. 97-209 added references to “community bank” and “community development bank” definitions, effective June 24, 1997; P.A. 98-192 added reference to “electronic payment instrument” definition; P.A. 99-22 deleted reference to “groups having a common bond of occupation or association” definition and added references to “multiple common bond membership” and “single common bond membership” definitions, effective May 12, 1999; P.A. 99-63 added references to “advertise”, “advertisement” and “simulated check” definitions; P.A. 99-158 added references to “closely related activities”, “retail deposits” and “uninsured bank” definitions; P.A. 00-14 added reference to Sec. 36a-136 in “deposit account” definition, effective April 25, 2000; P.A. 01-9 added references to “assessment area”, “community credit union” and “community reinvestment performance”, effective July 1, 2001; P.A. 01-34 added references to “additional proceeds”, “APR”, “consummation”, “high cost home loan”, “prepaid finance charge” and “prepayment penalty” and added citation to Sec. 36a-746a in existing references to “broker” and “lender”; P.A. 01-56 deleted reference to “instrument” and added references to “material litigation”, “money transmission” and “payment instrument”; P.A. 01-76 added citation to Sec. 36a-44a in existing reference to “financial institution”, effective July 1, 2001; P.A. 02-73 added references to “annuities”, “associated member”, “basic services”, “capital”, “certificate of incorporation”, “construction loan”, “corporate”, “credit manager”, “credit union service organization”, “credit union service organization services”, “director”, “equity security”, “Federal Credit Union Act”, “immediate family member”, “insider”, “insurance”, “manufactured home”, “member business loan”, “member in good standing”, “net outstanding member business loan balance”, “officer”, “real estate”, “senior management”, and “troubled Connecticut credit union” definitions, amended various existing definition references to add or change statutory citations and eliminated references to “certificate of organization” and “fiscal year” definitions; P.A. 02-111 deleted references to “mortgage broker” and “principal officer” definitions, deleted reference to Sec. 36a-510 in “broker” and “lender” definitions and added references to “debtor”, “first mortgage broker”, “first mortgage correspondent lender”, “first mortgage lender”, “nonrefundable”, “originator”, “secondary mortgage broker”, “secondary mortgage correspondent lender”, “secondary mortgage lender”, “table funding agreement” and “warehouse agreement” definitions; P.A. 03-196 added references to “consolidate” and “mobile branch”, amended reference to “deposit account” and deleted references to “eligible account holder”, “transaction” and “troubled financial institution”, effective July 1, 2003; P.A. 03-259 added references to “executive officer” and “related person” and amended reference to “Connecticut holding company”; P.A. 04-136 added references to “administrative expense” and “assets” and deleted references to “retail deposits” and “uninsured bank”, effective May 12, 2004; P.A. 07-72 amended reference to “credit clinic” to substitute Sec. 36a-700 for Sec. 36a-695; P.A. 08-119 amended reference to “office” to add Sec. 36a-23; P.A. 08-176 added references to “branch office”, “CHFA loan”, “conventional mortgage rate”, “FHA loan”, “fully indexed rate”, “interim interest”, “main office”, “mortgage”, “mortgage broker”, “mortgage correspondent lender”, “mortgage loan originator”, “nonprime home loan”, “open-end line of credit” and “special mortgage”, deleted references to “first mortgage broker”, “first mortgage correspondent lender”, “first mortgage lender”, “prepayment penalty”, “secondary mortgage broker”, “secondary mortgage correspondent lender” and “secondary mortgage lender”, in reference to “financial institution” added Sec. 36a-755, in reference to “first mortgage loan” added Sec. 36a-725, in reference to “mortgage loan” added Secs. 36a-485 and 36a-736, in references to “principal amount of the loan” and “secondary mortgage loan” added Sec. 36a-485 and deleted references to repealed sections and made technical changes throughout, effective July 1, 2008; P.A. 09-100 added references to “eligible entity”, “expedited Connecticut bank” and “resulting entity” and added Sec. 36a-145 in reference to “mobile branch”, effective June 3, 2009; P.A. 12-96 added references to “advertising”, “agent”, “clerical or support duties”, “control person”, “depository institution”, “derivative transaction”, “dwelling”, “employee”, “entity”, “experience in the mortgage business”, “federal banking agency”, “housing finance agency”, “independent contractor”, “individual”, “loan processor or underwriter”, “nontraditional mortgage product”, “real estate brokerage activity”, “registered mortgage loan originator”, “residential mortgage loan”, “residential real estate”, “settlement agent”, “sponsored”, “system” and “unique identifier”, deleted reference to “residential property”, in reference to “bona fide nonprofit organization” added Sec. 36a-487, in reference to “immediate family member” added Sec. 36a-485, in reference to “mortgage loan” deleted Sec. 36a-485, and in reference to “person” added Sec. 36a-485.
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