Connecticut Administrative Code

Regulations of Connecticut State AgenciesSec. 36a-428c-3. Documentation for assetsWhether or not a foreign bank with a licensed state branch or licensed state agency is required to maintain eligible assets pursuant to section 36a-428c-2 of the Regulations of Connecticut State Age…

Regulations of Connecticut State AgenciesSec. 36a-428c-4. Assets to be deposited(a) A foreign bank with a licensed state branch or licensed state agency shall keep deposit assets on deposit in accordance with section 36a-428c-6 of the Regulations of Connecticut State Agencies as …

Regulations of Connecticut State AgenciesSec. 36a-428c-5. Record of assets and liabilities(a) Each foreign bank with one or more licensed state branches or licensed state agencies shall record, at the close of each business day, the liabilities of the foreign bank appearing in th…

Regulations of Connecticut State AgenciesSec. 36a-428c-6. Deposit agreementNo deposit by a foreign bank with a licensed state branch or licensed state agency with a depository pursuant to section 36a-428c(a) of the general statutes shall be made until the foreign bank and the dep…

Regulations of Connecticut State AgenciesSec. 36a-428c-7. Record of deposits(a) Each foreign bank shall retain until completion of its next examination by the commissioner the originals of all receipts or statements obtained from a depository pursuant to subsection (b) of section…

Regulations of Connecticut State AgenciesSec. 36a-428g-1. Separate books and recordsEach foreign bank with a licensed representative office shall make and keep separate books and accounts for each such representative office. (Adopted effective December 23, 1997) AUTHORITY: Conn. …

Regulations of Connecticut State AgenciesSec. 36a-428g-2. LanguageEach foreign bank with a licensed representative office shall make and keep books, accounts, and other financial records for each such representative office in English, or make and keep English translations of such…

Regulations of Connecticut State AgenciesSec. 36a-428g-3. ReportsEach foreign bank with a licensed representative office shall file with the commissioner all reports pertaining to such foreign bank's operations in the United States that it files with any federal or state banking …

Regulations of Connecticut State AgenciesSec. 36a-428n-1. Disposition of personal property in custody or possession of foreign bank in involuntary liquidation(a) In an involuntary liquidation of a foreign bank pursuant to section 1 of Public Act 97-160, if any person to whom the …

Regulations of Connecticut State AgenciesSec. 36a-446-1. Definitions (Repealed) Repealed June 11, 2014.(Effective June 15, 1982; TransferredApril 24, 1995; Amended January 30, 1996; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 2014) A…

Regulations of Connecticut State AgenciesSec. 36a-446-2. Term shares and term share accounts (Repealed) Repealed June 11, 2014.(Effective June 15, 1982; TransferredApril 24, 1995; Amended January 30, 1996; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 1…

Regulations of Connecticut State AgenciesSec. 36a-446-3. Term share account agreements (Repealed) Repealed June 11, 2014.(Effective September 21, 1976; TransferredApril 24, 1995; Amended January 30, 1996; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14…

Regulations of Connecticut State AgenciesSec. 36a-446-4. Term share account procedures (Repealed) Repealed June 11, 2014.(Effective June 25, 1986; TransferredApril 24, 1995; Amended January 30, 1996; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187.…

Regulations of Connecticut State AgenciesSec. 36a-446-5. Share insurance (Repealed) Repealed June 11, 2014.(Effective July 26, 1990; TransferredApril 24, 1995; Amended January 30, 1996; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11, 201…

Regulations of Connecticut State AgenciesSec. 36a-456-1. DefinitionsAs used in Sections 36a-456-1 to 36a-456-6, inclusive, of the Regulations of Connecticut State Agencies: (1) \"Commissioner\" means the commissioner of banking. With respect to any function of the commissioner, \…

Regulations of Connecticut State AgenciesSec. 36a-456-2. Authorization of payment of interest refundsThe governing board of a Connecticut credit union may authorize the payment of interest refunds to members following the end of any annual, semi-annual or quarterly accounting per…

Regulations of Connecticut State AgenciesSec. 36a-456-3. Refund to be paid from income received during periodInterest refunds shall be paid by a Connecticut Credit Union to members from income earned and received during any annual, semi-annual or quarterly accounting period, in p…

Regulations of Connecticut State AgenciesSec. 36a-456-4. Payment of interest refundsA Connecticut credit union may pay interest refunds either into a member's share account or by disbursement directly to the member. (Effective July 2, 1979; TransferredApril 24, 1995; Amended Janu…

Regulations of Connecticut State AgenciesSec. 36a-456-5. AccountingInterest refunds shall be paid by a Connecticut credit union only after payment of expenses, distribution of dividends and required allocations to reserves have been made. Such refunds shall be charged to interest…

Regulations of Connecticut State AgenciesSec. 36a-456-6. Application for approvalA Connecticut credit union which does not meet the requirements of Section 36a-456-2 of the Regulations of Connecticut State Agencies may apply, in writing, to the commissioner for approval to pay an…

Regulations of Connecticut State AgenciesSec. 36a-458-1. Risk assets defined (Repealed) Repealed June 11, 2014.(Effective March 19, 1992; TransferredApril 24, 1995; Amended January 30, 1996; Repealed June 11, 2014)Notes: For 2014 repeal, see Sec. 54 of Public Act 14-187. (June 11…

Regulations of Connecticut State AgenciesSec. 36a-570-1. DefinitionsAs used in sections 36a-570-1 to 36a-570-17, inclusive, of these regulations:(a) \"Affiliated entity\" means any person, partnership, association or corporation authorized by the commissioner under section 36a-56…

Regulations of Connecticut State AgenciesSec. 36a-570-10. Other businesses on licensed premisesIf any other business is permitted by the commissioner to be operated on the premises occupied by a licensee, such business shall be conducted by a separate entity. When more than one o…

Regulations of Connecticut State AgenciesSec. 36a-570-11. Records and accounts of affiliated entities(a) Each affiliated entity shall maintain separate books and records in the form and manner prescribed by subsection (a) of section 36a-570-8 of these regulations. (b) The account…

Regulations of Connecticut State AgenciesSec. 36a-570-12. Restrictions on loans by affiliated entities(a) A loan shall not be made for a downpayment on an automobile, other merchandise or service where the retail instalment contract in the transaction is purchased or to be purcha…

Regulations of Connecticut State AgenciesSec. 36a-570-13. Refinancing loansA loan shall not be made to refinance a retail instalment contract or any other obligation held by an affiliated entity unless a refund credit, as required by law for prepayment in full, is first given and…

Regulations of Connecticut State AgenciesSec. 36a-570-14. Restrictions on affiliated entities(a) Commissions, gratuities, or broker's fees shall not be paid by a licensee or an affiliated entity to dealers, salesmen or any other parties for the referral of loans to be made under …

Regulations of Connecticut State AgenciesSec. 36a-570-15. Revocation of authorizationAny authorization granted by the commissioner pursuant to section 36-231 of the Connecticut General Statutes shall be subject to revocation for any violation of sections 36a-570-10 to 36a-570-17,…

Regulations of Connecticut State AgenciesSec. 36a-570-16. Investigations and examinationsThe commissioner or his duly appointed representative shall have the authority to investigate and examine at any time the books and records of any affiliated entity, licensed or unlicensed, f…

Regulations of Connecticut State AgenciesSec. 36a-570-17. Mortgage loans in excess of five thousand dollars(a) (1) Approval of Commissioner. Any licensee in this state may apply to the commissioner, in a manner prescribed by the commissioner, for permission to allow an affiliated…

Regulations of Connecticut State AgenciesSec. 36a-570-2. Advertising and solicitation(a) The advertising of each licensee and affiliated entity shall conform with the provisions of part III of chapter 669 of the Connecticut General Statutes and any regulations issued thereunder. …

Regulations of Connecticut State AgenciesSec. 36a-570-3. Deferral chargesNo deferral charge shall be collected without the specific authorization of the borrower.(Effective August 25, 1992; TransferredApril 24, 1995) AUTHORITY: Conn. Gen. Stat. § 36a-570 AUTHORITY: Conn. Gen. Sta…

Regulations of Connecticut State AgenciesSec. 36a-570-4. Extended first payments, interest after maturity, rebates of unearned charges, and renewals(a) Extended first payments. To determine the due date for loans under which the first payment is extended for a charge, the actual …

Regulations of Connecticut State AgenciesSec. 36a-570-5. Collection practices(a) Each licensee shall maintain a record of all contacts or attempted contacts with the debtor or others regarding an alleged debt, whether such contacts or attempted contacts be by telephone, in writin…

Regulations of Connecticut State AgenciesSec. 36a-570-6. General conduct of business(a) No licensee shall conduct the loan business at any place of business other than that named in the license. Where a loan results from a recommendation of a merchant or dealer for the purpose of…

Regulations of Connecticut State AgenciesSec. 36a-570-7. Office and office hours(a) Unless specific written permission is given by the commissioner, the place of business, as designated in the license, shall be open for business at least three consecutive hours each day, Monday t…

Regulations of Connecticut State AgenciesSec. 36a-570-8. Books and records(a) All records and supporting papers prescribed by subsection (b) of this section, and all expense vouchers, shall be maintained by a licensee for a minimum period of two years after making the final entry…

Regulations of Connecticut State AgenciesSec. 36a-570-9. Miscellaneous(a) On the first page of the statement delivered to the borrower at the time a loan is made, the following sentence shall appear in bold and easily readable type: This Office is Licensed by TheCommissioner of B…

Regulations of Connecticut State AgenciesSec. 36a-585-1. Check cashing fees(a) No check cashing service licensed under Section 36a-581 of the Connecticut General Statutes shall charge or collect in fees, charges or otherwise for cashing a check, draft or money order drawn on a de…

Regulations of Connecticut State AgenciesSec. 36a-588-1. DefinitionsAs used in sections 36a-588-1 to 36a-588-4, inclusive, of these regulations, the term:(a) \"Commissioner\" means the commissioner of banking; and(b) \"Licensee\" means a licensed casher of checks, drafts, and/or …

Regulations of Connecticut State AgenciesSec. 36a-588-2. (Repealed) Repealed May 4, 1998. AUTHORITY: Conn. Gen. Stat. § 36a-588 AUTHORITY: Conn. Gen. Stat. § 36a-588

Regulations of Connecticut State AgenciesSec. 36a-588-3. Books, records and accounts(a) Each licensee shall maintain the following or similar books, records and accounts, which shall be kept in ink or typewritten, preserved for at least three years after the date of final entry, …

Regulations of Connecticut State AgenciesSec. 36a-588-4. ReportsEach licensee shall annually file with the commissioner, an unaudited unconsolidated financial statement, including the licensee's balance sheet and receipts and disbursements for the preceding year, prepared by an i…

Regulations of Connecticut State AgenciesSec. 36a-647-1. (Repealed) Repealed October 2, 2006. AUTHORITY: Conn. Gen. Stat. § 36a-647 AUTHORITY: Conn. Gen. Stat. § 36a-647

Regulations of Connecticut State AgenciesSec. 36a-647-2. DefinitionsAs used in sections 36a-647-2 to 36a-647-7, inclusive, of the Regulations of Connecticut State Agencies: (1) \"Commissioner\" means \"commissioner\" as defined in section 36a-2 of the Connecticut General Statutes…

Regulations of Connecticut State AgenciesSec. 36a-647-3. Location information(a) Any creditor who communicates with any person other than the consumer debtor or consumer debtor agent for the purpose of acquiring location information about the consumer debtor or consumer debtor ag…

Regulations of Connecticut State AgenciesSec. 36a-647-4. Communications(a) Communication with the consumer debtor or consumer debtor agent generally. Without the prior consent of the consumer debtor or consumer debtor agent given directly to the creditor or the express permission…

Regulations of Connecticut State AgenciesSec. 36a-647-5. ConductA creditor shall not engage in any conduct the natural consequence of which to a reasonable person would be to harass or abuse such person in connection with the collection of a debt. A creditor shall not intentional…

Regulations of Connecticut State AgenciesSec. 36a-647-6. Representations, devices, practicesA creditor shall not use any fraudulent, deceptive or misleading representation, device or practice in connection with the collection of any debt. Without limiting the general application …

Regulations of Connecticut State AgenciesSec. 36a-647-7. Violation of provisionsA creditor shall not be found to violate any provision of sections 36a-647-2 to 36a-647-6, inclusive, of the Regulations of Connecticut State Agencies if the creditor proves by a preponderance of the …