There is a newer version
of
this Chapter
2019 Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 668 - Nondepository Financial Institutions
PART I
MORTGAGE LENDERS, CORRESPONDENT LENDERS, BROKERS ANDLOAN ORIGINATORS
(A)
LICENSES. LOANS
SECONDARY MORTGAGE LENDERS, BROKERS AND ORIGINATORS
GENERAL PROVISIONS
FINANCE COMPANIES
SMALL LOAN LENDING AND RELATED ACTIVITIES
CHECK CASHING SERVICES
PAYMENT INSTRUMENTS. MONEY TRANSMISSION
LOAN BROKERS
CONNECTICUT BUSINESS AND INDUSTRIALDEVELOPMENT CORPORATION ACT
INTERNATIONAL TRADE AND INVESTMENTCORPORATIONS
MORTGAGE LENDERS, CORRESPONDENT LENDERS, BROKERS ANDLOAN ORIGINATORS
(A)
LICENSES. LOANS
- Section 36a-485 - (Formerly Sec. 36-440). Definitions.
- Section 36a-486 - (Formerly Sec. 36-440a). Licenses required. Exemptions. Prohibited advertisements. Violations.
- Section 36a-487 - (Formerly Sec. 36-440b). Exemptions from licensure.
- Section 36a-488 - (Formerly Sec. 36-440c). Mortgage lender, mortgage correspondent lender, mortgage broker, mortgage loan originator, loan processor, underwriter and lead generator licenses. Requirements.
- Section 36a-489 - (Formerly Sec. 36-440d). Licenses: Issuance; denial; renewal; suspension; financial responsibility; withdrawal or abandonment of application.
- Section 36a-489a - *(See end of section for amended version and effective date.) Prelicensing education, written test and annual continuing education requirements.
- Section 36a-490 - (Formerly Sec. 36-440e). License requirements. Request to surrender license. Requirements for filing information with system.
- Section 36a-491 - (Formerly Sec. 36-440f). Expiration of licenses. Applications for renewal. Fees.
- Section 36a-492 - (Formerly Sec. 36-440g). Surety bond required. Cancellation of bond. Automatic suspension of license. Notices.
- Section 36a-493 - (Formerly Sec. 36-440h). Records to be maintained by licensee.
- Section 36a-494 - (Formerly Sec. 36-440i). Suspension, revocation or refusal to renew license or taking of other action. Removal from office and from employment or retention. Temporary order to cease business. Hearings.
- Section 36a-495 - (Formerly Sec. 36-440j). Regulations.
- Section 36a-496 - (Formerly Sec. 36-440k). Applications and referrals from unlicensed mortgage brokers or mortgage loan originators.
- Section 36a-497 - (Formerly Sec. 36-440l). Advertisements.
- Section 36a-498 - (Formerly Sec. 36-440m). Refundability of advance fees. Exceptions. Prohibited acts by mortgage lenders, correspondent lenders, brokers and loan originators re borrowers.
- Section 36a-498a - Prepaid finance charges; restrictions. Secondary mortgage loan; demand for payment prior to maturity; liability for noncompliance; deed.
- Section 36a-498b - Release of secondary mortgage. Notice of outstanding balance of obligation secured by secondary mortgage.
- Section 36a-498c - Adoption of mortgage loan policy with respect to subprime mortgage loans and nontraditional mortgage loans.
- Section 36a-498d - Unique identifier of licensee. Advertising of licensee.
- Section 36a-498e - *(See end of section for amended version and effective date.) Prohibited acts.
- Section 36a-498f - Authority of commissioner re investigations and examinations. Prohibited acts by subjects of investigation or examination.
- Section 36a-498g - Severability.
- Section 36a-498h - Lead generator licensees. Prohibited acts.
- Section 36a-499 to 36a-509 - Reserved for future use.
SECONDARY MORTGAGE LENDERS, BROKERS AND ORIGINATORS
- Section 36a-510 to 36a-517 - (Formerly Secs. 36-224a to 36-224h). Definitions. License required; violations. Persons exempt from license requirement. License as secondary mortgage lender, secondary mortgage correspondent lender or secondary mortgage broker; prerequisites; application for license; denial of application for license. License and processing fees; expiration of licenses; fees nonrefundable. License. Records to be maintained by licensee. Suspension, revocation or refusal to renew license or taking of other action.
- Section 36a-518 - (Formerly Sec. 36-224i). Regulations.
- Section 36a-519 to 36a-524 - (Formerly Secs. 36-224j to 36-224o). Prepayment penalties. Release of secondary mortgage; notice of loan balance. Limitation on prepaid finance charges; demand for payment prior to maturity; liability of mortgage lender to borrower for noncompliance; refundability of advance fees; exceptions; prohibited acts by mortgage lenders and secondary mortgage brokers re borrowers. Mortgage deeds. Applications and referrals from unlicensed secondary mortgage brokers or originators. Advertisements.
- Section 36a-525 to 36a-534 - Reserved for future use.
GENERAL PROVISIONS
- Section 36a-534a - Notice of discriminatory lending practices. Violation as grounds for license suspension, revocation or nonrenewal.
- Section 36a-534b - Participation in system. Authority of commissioner to establish requirements. Reports.
- Section 36a-534c - Reports re system.
FINANCE COMPANIES
- Section 36a-535 - (Formerly Sec. 36-254). Definitions.
- Section 36a-536 - (Formerly Sec. 36-255). License required. Location of licensed activity.
- Section 36a-537 - (Formerly Sec. 36-256a). Application. Criminal history records check, fingerprints, investigation of financial condition. Abandonment of application.
- Section 36a-538 - (Formerly Sec. 36-256b). Payment of cost of investigation.
- Section 36a-539 - (Formerly Sec. 36-257). License fee. Automatic suspension of license. Notice. Opportunity for hearing. Prohibited acts.
- Section 36a-540 - (Formerly Sec. 36-258). License. Change in control person. Automatic suspension of license. Surrender of license.
- Section 36a-541 - (Formerly Sec. 36-259a). Authority of commissioner to issue license or deny application for license. Standards for renewal.
- Section 36a-542 - (Formerly Sec. 36-259b). Requirements for filing with system. Unique identifier of licensee. Advertising of license.
- Section 36a-543 - (Formerly Sec. 36-260a). Suspension, revocation or refusal to renew license or taking of other action. Enforcement powers of commissioner.
- Section 36a-544 - (Formerly Sec. 36-260b). Regulations.
- Section 36a-545 - (Formerly Sec. 36-262a). Books and records.
- Section 36a-546 - (Formerly Sec. 36-263). Penalty.
- Section 36a-547 - Retail installment contract records.
- Section 36a-548 to 36a-554 - Reserved for future use.
SMALL LOAN LENDING AND RELATED ACTIVITIES
- Section 36a-555 - (Formerly Sec. 36-225). Definitions.
- Section 36a-556 - (Formerly Sec. 36-226). Small loan lending and related activities prohibited without license or exemption.
- Section 36a-557 - (Formerly Sec. 36-227). Exemptions.
- Section 36a-558 - (Formerly Sec. 36-228). Prohibitions re small loans and related activities. Permitted small loan provisions. Open-end small loans. Lead generation activities.
- Section 36a-559 - (Formerly Sec. 36-229). Credit life insurance. Credit accident and health insurance.
- Section 36a-560 - (Formerly Sec. 36-230). Restrictions on licensee.
- Section 36a-561 - (Formerly Sec. 36-231). Prohibited practices.
- Section 36a-562 - (Formerly Sec. 36-232). Main and branch offices.
- Section 36a-563 - (Formerly Sec. 36-233). Application for small loan license.
- Section 36a-564 - (Formerly Sec. 36-233a). License fees. Renewal. Automatic suspension.
- Section 36a-565 - (Formerly Sec. 36-233b). Findings required for issuance of license. Denial of application. Minimum funds. Standards for renewal. Withdrawal of application. Surrender of license. Failure to renew.
- Section 36a-566 - (Formerly Sec. 36-234). License not assignable or transferable. Use of name. Change in control person, name or place of business. Automatic suspension of license.
- Section 36a-567 - (Formerly Sec. 36-235). Change in information. Required system filing or notice to commissioner.
- Section 36a-568 - (Formerly Sec. 36-236). Unique identifier of licensee. Advertising of licensee.
- Section 36a-569 - (Formerly Sec. 36-237). Books and records. Reports of condition. Submission of sworn statement and other information.
- Section 36a-570 - (Formerly Sec. 36-239). Suspension, revocation or refusal to renew license or taking of other action. Enforcement action and orders. Removal from office and employment. Temporary order to cease business.
- Section 36a-571 - (Formerly Sec. 36-241). License suspension.
- Section 36a-572 - (Formerly Sec. 36-242). Investigations and examinations.
- Section 36a-573 - (Formerly Sec. 36-243). Regulations.
- Section 36a-574 to 36a-579 - Reserved for future use.
CHECK CASHING SERVICES
- Section 36a-580 - (Formerly Sec. 36-564). Definitions. Applicability of provisions.
- Section 36a-581 - (Formerly Sec. 36-565). License required. Application. Criminal history records check. Authority of commissioner to deny application for license. Abandonment of application.
- Section 36a-582 - (Formerly Sec. 36-566). License and location fees. Automatic suspension of license or renewal license. Notice. Opportunity for hearing. Expenses of examination.
- Section 36a-583 - (Formerly Sec. 36-567). License not transferable or assignable. Change in control person. Automatic suspension. Surrender of license.
- Section 36a-584 - (Formerly Sec. 36-568). Maximum fees for the cashing of state checks. Regulations. Maximum amount of check that may be cashed by check cashing licensee. Exceptions. Report.
- Section 36a-585 - (Formerly Sec. 36-569). Maximum fees set by Banking Commissioner.
- Section 36a-586 - (Formerly Sec. 36-570). Records to be maintained by check cashing licensee. Reporting requirements. Prohibited acts.
- Section 36a-587 - (Formerly Sec. 36-571). Suspension, revocation or refusal to renew license or taking of other action. Removal from office and from employment or retention. Temporary order to cease business.
- Section 36a-588 - (Formerly Sec. 36-572). Regulations.
- Section 36a-589 - (Formerly Sec. 36-573). Violations.
- Section 36a-590 to 36a-594 - Reserved for future use.
PAYMENT INSTRUMENTS. MONEY TRANSMISSION
- Section 36a-595 - (Formerly Sec. 36-530). Short title: Money Transmission Act.
- Section 36a-596 - (Formerly Sec. 36-531). Definitions.
- Section 36a-597 - (Formerly Sec. 36-532). License required. Penalty.
- Section 36a-598 - (Formerly Sec. 36-533). Application. Criminal history records check. Abandonment of application. Changes. Notice to commissioner.
- Section 36a-599 - (Formerly Sec. 36-534). License fees. Surrender of license.
- Section 36a-600 - (Formerly Sec. 36-536). Investigation of applicant. Issuance of license. Authority of commissioner to deny application for license.
- Section 36a-601 - (Formerly Sec. 36-537). Renewal of license. Automatic suspension of renewal license. Notice. Opportunity for hearing.
- Section 36a-602 - (Formerly Sec. 36-538). Surety bond. Investments in lieu of surety bond.
- Section 36a-603 - (Formerly Sec. 36-539). Investments equal to amount of money transmissions. Virtual currency equal to amount owed or obligated. Investments and virtual currency held in trust.
- Section 36a-604 - (Formerly Sec. 36-540). Net worth requirements.
- Section 36a-605 - (Formerly Sec. 36-541). Examination of licensees.
- Section 36a-606 - (Formerly Sec. 36-542). Reports. Annual financial reports required.
- Section 36a-606a - Federal reporting requirements. Anti-money-laundering program.
- Section 36a-607 - (Formerly Sec. 36-543). Conduct of business authorized by delegate. Prohibited practices. Deadline to remit value received for transmission.
- Section 36a-608 - (Formerly Sec. 36-544). Enforcement powers of commissioner. Removal from office and from employment or retention. Temporary order to cease business.
- Section 36a-609 - (Formerly Sec. 36-545). Exemptions.
- Section 36a-610 - (Formerly Sec. 36-546). Regulations.
- Section 36a-611 - *(See end of section for amended version and effective date.) Maintenance of records.
- Section 36a-612 - Notification of change in list of authorized delegates or locations.
- Section 36a-613 and 36a-614 - Reserved for future use.
LOAN BROKERS
- Section 36a-615 - (Formerly Sec. 36-577). Definitions.
- Section 36a-616 - (Formerly Sec. 36-578). Advance fees imposed by loan brokers prohibited.
- Section 36a-617 - (Formerly Sec. 36-580). Penalties for violations.
- Section 36a-618 - (Formerly Sec. 36-581). Remedies.
- Section 36a-619 - (Formerly Sec. 36-582). Remedies provided by sections 36a-615 to 36a-620, inclusive, not exclusive.
- Section 36a-620 - (Formerly Sec. 36-583). Regulations.
- Section 36a-621 to 36a-624 - Reserved for future use.
CONNECTICUT BUSINESS AND INDUSTRIALDEVELOPMENT CORPORATION ACT
- Section 36a-625 - Short title: Connecticut Business and Industrial Development Corporation Act.
- Section 36a-626 - Definitions.
- Section 36a-627 - License required. Exemptions.
- Section 36a-628 - Application. Fee. Examination. Criminal history records check.
- Section 36a-629 - Safe and sound business practice required.
- Section 36a-630 - Licensees to provide financing and management assistance to small businesses.
- Section 36a-631 - Books and records. Annual financial reports.
- Section 36a-632 - Jurisdiction of Banking Commissioner.
- Section 36a-633 - License fee. Costs of examination to be borne by applicants. Automatic suspension of license or renewal license. Notice. Opportunity for hearing.
- Section 36a-634 - Regulations.
- Section 36a-635 - Reserved for future use.
INTERNATIONAL TRADE AND INVESTMENTCORPORATIONS
- Section 36a-636 - Defintions.
- Section 36a-636a - License.
- Section 36a-636b - Duties of licensees.
- Section 36a-636c - Books and records. Annual report.
- Section 36a-636d - Licensees subject to jurisdiction of commissioner.
- Section 36a-636e - License fees and expenses. Expiration and renewal. Automatic suspension. Surrender or termination of license.
- Section 36a-636f - Regulations.
- Section 36a-637 to 36a-644 - Reserved for future use.
Disclaimer: These codes may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
