Connecticut Administrative Code

Regulations of Connecticut State AgenciesSec. 32-13-40. Debtor's default(a) The failure of the debtor to abide by the terms of the security agreement and note shall be considered a default. (b) The note or security agreement shall contain a provision that the failure of the debto…

Regulations of Connecticut State AgenciesSec. 32-13-41. Notice of default to commissionIf a default as defined in section 32-13-40 occurs, the secured party shall, within thirty days thereafter, notify the commission in writing that the security agreement is in default and of suc…

Regulations of Connecticut State AgenciesSec. 32-13-42. Procedure on defaultIf such default continues for more than sixty days, or within such other time as may be agreed upon by the commission and secured party in writing: (1) The secured party shall notify the commission of its…

Regulations of Connecticut State AgenciesSec. 32-13-43. Payment of insuranceUpon sale of the secured property by the secured party, or upon assignment to the commission of the insured indebtedness and all security therefor, or upon the passing of title to the secured property to …

Regulations of Connecticut State AgenciesSec. 32-13-44. Inspections by secured party. Care and insuring of property against damage(a) So long as the loan for machinery and equipment is an insured loan, the secured party shall ascertain the general physical condition of the securi…

Regulations of Connecticut State AgenciesSec. 32-13-45. Transfer of mortgage(a) An insured mortgage on machinery and equipment may be transferred with the prior written approval of the commission. Such a transferee shall meet all the conditions and obligations of the original sec…

Regulations of Connecticut State AgenciesSec. 32-13-46. Secured party and debtor to have no right in industrial building mortgage insurance fundNeither the secured party nor the debtor shall have any vested or other right in the industrial building mortgage insurance fund. (Effec…

Regulations of Connecticut State AgenciesSec. 32-13-47. Effect of regulation amendmentThese regulations may be amended by the commission at any time and from time to time, in whole or in part, but such amendments may not adversely affect the interest of a secured party under the …

Regulations of Connecticut State AgenciesSec. 32-13-5. Accumulation of accruals(a) The mortgage shall provide for payment by the mortgagor to the mortgagee on each interest payment date of an amount sufficient to accumulate in the hands of the mortgagee, one payment period prior …

Regulations of Connecticut State AgenciesSec. 32-13-6. Application of payments(a) The mortgage shall provide that all periodic payments to be made by the mortgagor to the mortgagee shall be added together and the aggregate amount thereof shall be paid by the mortgagor upon each p…

Regulations of Connecticut State AgenciesSec. 32-13-7. Prepayment and late charges(a) Prepayment privilege. The mortgage shall contain a provision permitting the mortgagor to prepay the mortgage in whole or in part upon any interest payment date after giving to the mortgagee thir…

Regulations of Connecticut State AgenciesSec. 32-13-8. Servicing by mortgageeAll approved mortgagees are required to service insured loans in accordance with acceptable mortgage practices of prudent lending institutions. In the event of default, the mortgagee shall contact the mo…

Regulations of Connecticut State AgenciesSec. 32-13-9. Eligibility of propertyA mortgage to be eligible for insurance shall be on real estate held (1) in fee simple or (2) on the interest of the lessee under a lease for not less than ninety-nine years having a period of not less …

Regulations of Connecticut State AgenciesSec. 32-130-1. Definitions (Repealed) Repealed June 11, 2014.(Effective November 22, 1985; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-130

Regulations of Connecticut State AgenciesSec. 32-130-2. Procedures for loans (Repealed) Repealed June 11, 2014.(Effective November 22, 1985; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-130

Regulations of Connecticut State AgenciesSec. 32-130-3. Working capital or fixed asset loans to eligible business organizations (Repealed) Repealed June 11, 2014.(Effective November 22, 1985; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 1…

Regulations of Connecticut State AgenciesSec. 32-130-4. Note (Repealed) Repealed June 11, 2014.(Effective November 22, 1985; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-130

Regulations of Connecticut State AgenciesSec. 32-130-5. Default and remedy (Repealed) Repealed June 11, 2014.(Effective November 22, 1985; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-130

Regulations of Connecticut State AgenciesSec. 32-141-1. DefinitionsAs used in Sections 32-141-1 to 32-141-3, inclusive, the following terms have the meaning ascribed to them in this section. \"Private activity bonds\" means any bonds or notes which meet the criteria set forth in …

Regulations of Connecticut State AgenciesSec. 32-141-2. Issuance of private activity bonds by municipalities(a) Any municipality or political subdivision, department, agency, authority or other body of a municipality shall obtain the written approval of the secretary of the offic…

Regulations of Connecticut State AgenciesSec. 32-141-3. Issuance of private activity bonds from the allocation for contingencies(a) Any state issuer shall obtain the written approval of the secretary prior to the issuance of private activity bonds which are allocated from the por…

Regulations of Connecticut State AgenciesSec. 32-150-1. (Repealed) Repealed April 27, 1987. AUTHORITY: Conn. Gen. Stat. § 32-150

Regulations of Connecticut State AgenciesSec. 32-150-1a. Definitions (Repealed) Repealed June 11, 2014.(Effective April 27, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-150

Regulations of Connecticut State AgenciesSec. 32-150-2. (Repealed) Repealed April 27, 1987. AUTHORITY: Conn. Gen. Stat. § 32-150

Regulations of Connecticut State AgenciesSec. 32-150-2a. Eligibility (Repealed) Repealed June 11, 2014.(Effective April 27, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-150

Regulations of Connecticut State AgenciesSec. 32-150-3. Application and agreement (Repealed) Repealed June 11, 2014.(Effective April 27, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-150

Regulations of Connecticut State AgenciesSec. 32-150-4. Interest rate subsidy and direct loans (Repealed) Repealed June 11, 2014.(Effective April 27, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat.…

Regulations of Connecticut State AgenciesSec. 32-150-5. Termination (Repealed) Repealed June 11, 2014.(Effective April 27, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-150

Regulations of Connecticut State AgenciesSec. 32-150-6. Reservation of funds (Repealed) Repealed June 11, 2014.(Effective April 4, 1986; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-150

Regulations of Connecticut State AgenciesSec. 32-156-1. Definitions (Repealed) Repealed June 11, 2014.(Effective October 29, 1986; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-156

Regulations of Connecticut State AgenciesSec. 32-156-2. Procedures for loans (Repealed) Repealed June 11, 2014.(Effective October 29, 1986; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-156

Regulations of Connecticut State AgenciesSec. 32-156-3. Working capital or fixed asset loans to eligible business organizations (Repealed) Repealed June 11, 2014.(Effective October 29, 1986; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11…

Regulations of Connecticut State AgenciesSec. 32-156-4. Note (Repealed) Repealed June 11, 2014.(Effective October 29, 1986; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-156

Regulations of Connecticut State AgenciesSec. 32-156-5. Default and remedy (Repealed) Repealed June 11, 2014.(Effective October 29, 1986; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-156

Regulations of Connecticut State AgenciesSec. 32-162-1. Definitions (Repealed) Repealed June 11, 2014.(Effective May 22, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-162

Regulations of Connecticut State AgenciesSec. 32-162-2. Eligibility (Repealed) Repealed June 11, 2014.(Effective May 22, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-162

Regulations of Connecticut State AgenciesSec. 32-162-3. Application and agreement (Repealed) Repealed June 11, 2014.(Effective May 22, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-162

Regulations of Connecticut State AgenciesSec. 32-162-4. Loans (Repealed) Repealed June 11, 2014.(Effective May 22, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-162

Regulations of Connecticut State AgenciesSec. 32-162-5. Loan guarantees (Repealed) Repealed June 11, 2014.(Effective May 22, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-162

Regulations of Connecticut State AgenciesSec. 32-162-6. Note (Repealed) Repealed June 11, 2014.(Effective May 22, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-162

Regulations of Connecticut State AgenciesSec. 32-162-7. Guarantee contract (Repealed) Repealed June 11, 2014.(Effective May 22, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-162

Regulations of Connecticut State AgenciesSec. 32-162-8. Disbursement (Repealed) Repealed June 11, 2014.(Effective May 22, 1987; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) AUTHORITY: Conn. Gen. Stat. § 32-162

Regulations of Connecticut State AgenciesSec. 32-167-1. GeneralThe Connecticut Department of Commerce is the agency of state government responsible for promoting the economic development of Connecticut. Its three major programs are:Services to foster the growth and vigor of busin…

Regulations of Connecticut State AgenciesSec. 32-167-2. Administrative servicesThe administrative services division is responsible for the overall supervision of the department staff and performs all administrative services required by the department. It cooperates with the Commi…

Regulations of Connecticut State AgenciesSec. 32-167-3. Business servicesThe busienss services division supplies a variety of technical and informational assistance to business and industry though the following units: development technology, economic and marketing research, inter…

Regulations of Connecticut State AgenciesSec. 32-167-4. Communication servicesThe communication services division provides the public with a better understanding of the state's economic problems and opportunities, reports on department activities and promotes Connecticut's advant…

Regulations of Connecticut State AgenciesSec. 32-167-5. Financial servicesThe financial services division works with the Connecticut Development Authority and administers the industrial revenue bonding program. The division also administers the state's industrial mortgage insuran…

Regulations of Connecticut State AgenciesSec. 32-167-6. Location servicesThe location services division provides site and locational assistance to Connecticut firms seeking to expand or relocate within the state. It works to attract desirable new business and industry into Connec…

Regulations of Connecticut State AgenciesSec. 32-167-7. Tourism servicesThe tourism services division executes a year-round campaign to promote Connecticut vacation attractions to out-of-state tourists. This involves the creation and placement of sales advertising in out-of-state…

Regulations of Connecticut State AgenciesSec. 32-176-1. Definitions\"Commissioner\" means the Commissioner of Economic Development.\"Department\" means the Connecticut Department of Economic Development.\"Small Business\" means a corporation, partnership, sole proprietorship or i…