2020 Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 668 - Nondepository Financial Institutions

• 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 - 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 other action. Removal from office and from employment or retention. Temporary order to cease business.
• 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 - 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.

• 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.

• 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.

Annotation to former chapter 650:

Cited. 139 C. 425.

• 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.

Annotation to former chapter 647:

Cited. 23 CS 184.

• 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. Surrender of license.
• 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.

• 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. Change in information. Required system filing or notice to commissioner. 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 license. Reporting requirements. Prohibited acts. Advertisements.
• 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.

• 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. Required system filing or notice to commissioner. License not assignable or transferable. Use of name. Automatic suspension.
• 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 - Maintenance of records. Unique identifier of license. Advertising of license.
• Section 36a-612 - Notification of change in list of authorized delegates or locations.
• Section 36a-613 and 36a-614 - Reserved for future use.

• 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.

• 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.

• 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.