Connecticut Seal

General Assembly

File No. 233

    January Session, 2009

Substitute Senate Bill No. 950

Senate, March 26, 2009

The Committee on Banks reported through SEN. DUFF of the 25th Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.

T1

"Account". Sections 36a-155 and 36a-365.

T2

"Additional proceeds". Section 36a-746e.

T3

"Administrative expense". Section 36a-237.

T4

"Advance fee". Sections 36a-485 and 36a-615.

T5

"Advertise" or "advertisement". Section 36a-485.

T6

"Agency bank". Section 36a-285.

T7

"Alternative mortgage loan". Section 36a-265.

T8

"Amount financed". Section 36a-690.

T9

"Annual percentage rate". Section 36a-690.

T10

"Annual percentage yield". Section 36a-316.

T11

"Annuities". Section 36a-455a.

T12

"Applicant". Section 36a-736.

T13

"APR". Section 36a-746a.

T14

"Assessment area". Section 36a-37.

T15

"Assets". Section 36a-70.

T16

"Associate". Section 36a-184.

T17

"Associated member". Section 36a-458a.

T18

"Bank". Section 36a-30.

T19

"Bankers' bank". Section 36a-70.

T20

"Banking business". Section 36a-425.

T21

"Basic services". Section 36a-437a.

T22

"Billing cycle". Section 36a-565.

T23

["Bona fide nonprofit organization". Section 36a-655.]

T24

"Branch". Sections 36a-145, 36a-410 and 36a-435b.

T25

"Branch office". Section 36a-485.

T26

"Branch or agency net payment entitlement". Section 36a-428n.

T27

"Branch or agency net payment obligation". Section 36a-428n.

T28

"Broker". Section 36a-746a.

T29

"Business and industrial development corporation". Section

T30

36a-626.

T31

"Business and property in this state". Section 36a-428n.

T32

"Capital". Section 36a-435b.

T33

"Cash advance". Section 36a-564.

T34

"Cash price". Section 36a-770.

T35

"Certificate of incorporation". Section 36a-435b.

T36

"CHFA loan". Section 36a-760.

T37

"Closely related activities". Sections 36a-250 and 36a-455a.

T38

"Collective managing agency account". Section 36a-365.

T39

"Commercial vehicle". Section 36a-770.

T40

"Community bank". Section 36a-70.

T41

"Community credit union". Section 36a-37.

T42

"Community development bank". Section 36a-70.

T43

"Community reinvestment performance". Section 36a-37.

T44

"Connecticut holding company". Sections 36a-53 and 36a-410.

T45

"Consolidate". Section 36a-145.

T46

"Construction loan". Section 36a-458a.

T47

"Consumer". Sections 36a-155, 36a-676 and 36a-695.

T48

"Consumer Credit Protection Act". Section 36a-676.

T49

"Consumer debtor" and "debtor". Sections 36a-645 and

T50

36a-800.

T51

"Consumer collection agency". Section 36a-800.

T52

"Consummation". Section 36a-746a.

T53

"Controlling interest". Section 36a-276.

T54

"Conventional mortgage rate". Section 36a-760.

T55

"Corporate". Section 36a-435b.

T56

"Credit". Sections 36a-645 and 36a-676.

T57

"Credit manager". Section 36a-435b.

T58

"Creditor". Sections 36a-676, 36a-695 and 36a-800.

T59

"Credit card", "cardholder" and "card issuer". Section 36a-676.

T60

"Credit clinic". Section 36a-700.

T61

"Credit rating agency". Section 36a-695.

T62

"Credit report". Section 36a-695.

T63

"Credit sale". Section 36a-676.

T64

"Credit union service organization". Section 36a-435b.

T65

"Credit union service organization services". Section 36a-435b.

T66

"De novo branch". Section 36a-410.

T67

"Debt". Section 36a-645.

T68

"Debt adjustment". Section 36a-655, as amended by this act.

T69

"Debt mutual fund". Sections 36a-275 and 36a-459a.

T70

"Debt securities". Sections 36a-275 and 36a-459a.

T71

"Debtor". Section 36a-655, as amended by this act.

T72

"Deliver". Section 36a-316.

T73

"Deposit". Section 36a-316.

T74

"Deposit account". Section 36a-316.

T75

"Deposit account charge". Section 36a-316.

T76

"Deposit account disclosures". Section 36a-316.

T77

"Deposit contract". Section 36a-316.

T78

"Deposit services". Section 36a-425.

T79

"Depositor". Section 36a-316.

T80

"Director". Section 36a-435b.

T81

"Earning period". Section 36a-316.

T82

"Electronic payment instrument". Section 36a-596, as amended by this

T83

act.

T84

"Eligible collateral". Section 36a-330.

T85

"Equity mutual fund". Sections 36a-276 and 36a-459a.

T86

"Equity security". Sections 36a-276 and 36a-459a.

T87

"Executive officer". Sections 36a-263 and 36a-469c.

T88

"Federal Credit Union Act". Section 36a-435b.

T89

"Federal Home Mortgage Disclosure Act". Section 36a-736.

T90

"FHA loan". Section 36a-760.

T91

"Fiduciary". Section 36a-365.

T92

"Filing fee". Section 36a-770.

T93

"Finance charge". Sections 36a-690 and 36a-770.

T94

"Financial institution". Sections 36a-41, 36a-44a, 36a-155, 36a-316,

T95

36a-330, 36a-435b, 36a-736 and 36a-755.

T96

"Financial records". Section 36a-41.

T97

"First mortgage loan". Sections 36a-485, 36a-705, 36a-715 and

T98

36a-725.

T99

"Foreign banking corporation". Section 36a-425.

T100

"Fully indexed rate". Section 36a-760b.

T101

"General facility". Section 36a-580.

T102

"Global net payment entitlement". Section 36a-428n.

T103

"Global net payment obligation". Section 36a-428n.

T104

"Goods". Sections 36a-535 and 36a-770.

T105

"Graduated payment mortgage loan". Section 36a-265.

T106

"Guardian". Section 36a-365.

T107

"High cost home loan". Section 36a-746a.

T108

"Holder". Section 36a-596, as amended by this act.

T109

"Home banking services". Section 36a-170.

T110

"Home banking terminal". Section 36a-170.

T111

"Home improvement loan". Section 36a-736.

T112

"Home purchase loan". Section 36a-736.

T113

"Home state". Section 36a-410.

T114

"Immediate family member". Section 36a-435b.

T115

"Insider". Section 36a-454b.

T116

"Installment loan contract". Sections 36a-535 and 36a-770.

T117

"Insurance". Section 36a-455a.

T118

"Insurance bank". Section 36a-285.

T119

"Insurance department". Section 36a-285.

T120

"Interest". Section 36a-316.

T121

"Interest rate". Section 36a-316.

T122

"Interim interest". Section 36a-746a.

T123

"Lender". Sections 36a-746a, 36a-760 and 36a-770.

T124

"Lessor". Section 36a-676.

T125

"License". Section 36a-626.

T126

"Licensee". Sections 36a-596 and 36a-626.

T127

"Limited branch". Section 36a-145.

T128

"Limited facility". Section 36a-580.

T129

"Loan broker". Section 36a-615.

T130

"Loss". Section 36a-330.

T131

"Made in this state". Section 36a-770.

T132

"Main office". Section 36a-485.

T133

"Managing agent". Section 36a-365.

T134

"Manufactured home". Section 36a-457b.

T135

"Material litigation". Section 36a-596, as amended by this act.

T136

"Member". Section 36a-435b.

T137

"Member business loan". Section 36a-458a.

T138

"Member in good standing". Section 36a-435b.

T139

"Membership share". Section 36a-435b.

T140

"Mobile branch". Section 36a-435b.

T141

"Money order". Section 36a-596, as amended by this act.

T142

"Money transmission". Section 36a-365.

T143

"Mortgage". Section 36a-760g.

T144

"Mortgage broker". Sections 36a-485, 36a-705 and 36a-760.

T145

"Mortgage correspondent lender". Section 36a-485.

T146

"Mortgage insurance". Section 36a-725.

T147

"Mortgage lender". Sections 36a-485, 36a-705 and 36a-725.

T148

"Mortgage loan". Sections 36a-261, 36a-265, 36a-457b,

T149

36a-485 and 36a-736.

T150

"Mortgage loan originator". Section 36a-485.

T151

"Mortgage rate lock-in". Section 36a-705.

T152

"Mortgage servicing company". Section 36a-715.

T153

"Mortgagor". Section 36a-715.

T154

"Motor vehicle". Section 36a-770.

T155

"Multiple common bond membership". Section 36a-435b.

T156

"Municipality". Section 36a-800.

T157

"Net outstanding member business loan balance". Section 36a-458a.

T158

"Net worth". Sections 36a-441a, 36a-458a and 36a-596, as amended by

T159

this act.

T160

"Network". Section 36a-155.

T161

"Nonprime home loan". Section 36a-760.

T162

"Nonrefundable". Section 36a-498.

T163

"Note account". Sections 36a-301 and 36a-456b.

T164

"Office". Sections 36a-23, 36a-316 and 36a-485.

T165

"Officer". Section 36a-435b.

T166

"Open-end credit plan". Section 36a-676.

T167

"Open-end line of credit". Section 36a-760.

T168

"Open-end loan". Section 36a-565.

T169

"Organization". Section 36a-800.

T170

"Out-of-state holding company". Section 36a-410.

T171

"Outstanding". Section 36a-596, as amended by this act.

T172

"Passbook savings account". Section 36a-316.

T173

"Payment instrument". Section 36a-596, as amended by this act.

T174

"Periodic statement". Section 36a-316.

T175

"Permissible investment". Section 36a-596, as amended by this act.

T176

"Person". Section 36a-184.

T177

"Post". Section 36a-316.

T178

"Prepaid finance charge". Section 36a-746a.

T179

"Prime quality". Section 36a-596, as amended by this act.

T180

"Principal amount of the loan". Section 36a-485.

T181

"Processor". Section 36a-155.

T182

"Public deposit". Section 36a-330.

T183

"Purchaser". Section 36a-596, as amended by this act.

T184

"Qualified financial contract". Section 36a-428n.

T185

"Qualified public depository" and "depository". Section 36a-330.

T186

"Real estate". Section 36a-457b.

T187

"Records". Section 36a-17.

T188

"Related person". Section 36a-53.

T189

"Relocate". Sections 36a-145 and 36a-462a.

T190

"Residential property". Section 36a-485.

T191

"Retail buyer". Sections 36a-535 and 36a-770.

T192

"Retail credit transaction". Section 42-100b.

T193

"Retail installment contract". Sections 36a-535 and 36a-770.

T194

"Retail installment sale". Sections 36a-535 and 36a-770.

T195

"Retail seller". Sections 36a-535 and 36a-770.

T196

"Reverse annuity mortgage loan". Section 36a-265.

T197

"Sales finance company". Sections 36a-535 and 36a-770.

T198

"Savings department". Section 36a-285.

T199

"Savings deposit". Section 36a-316.

T200

"Secondary mortgage loan". Section 36a-485.

T201

"Security convertible into a voting security". Section 36a-184.

T202

"Senior management". Section 36a-435b.

T203

"Share". Section 36a-435b.

T204

"Simulated check". Section 36a-485.

T205

"Single common bond membership". Section 36a-435b.

T206

"Special mortgage". Section 36a-760c.

T207

"Social purpose investment". Section 36a-277.

T208

"Standard mortgage loan". Section 36a-265.

T209

"Table funding agreement". Section 36a-485.

T210

"Tax and loan account". Sections 36a-301 and 36a-456b.

T211

"The Savings Bank Life Insurance Company". Section 36a-285.

T212

"Time account". Section 36a-316.

T213

"Travelers check". Section 36a-596, as amended by this act.

T214

"Troubled Connecticut credit union". Section 36a-448a.

T215

"Unsecured loan". Section 36a-615.

T216

"Warehouse agreement". Section 36a-485.

This act shall take effect as follows and shall amend the following sections:

Section 1

October 1, 2009

36a-51(c)

Sec. 2

October 1, 2009

36a-486(b)

Sec. 3

October 1, 2009

36a-489

Sec. 4

October 1, 2009

36a-490(e)

Sec. 5

October 1, 2009

36a-492(b)

Sec. 6

October 1, 2009

36a-537

Sec. 7

October 1, 2009

36a-541

Sec. 8

October 1, 2009

36a-556

Sec. 9

October 1, 2009

36a-557

Sec. 10

October 1, 2009

36a-581(c)

Sec. 11

October 1, 2009

36a-582(a)

Sec. 12

October 1, 2009

36a-581(e)

Sec. 13

October 1, 2009

36a-596

Sec. 14

October 1, 2009

36a-597(a)

Sec. 15

October 1, 2009

36a-598

Sec. 16

October 1, 2009

36a-600

Sec. 17

October 1, 2009

36a-602(b)

Sec. 18

October 1, 2009

36a-605

Sec. 19

October 1, 2009

36a-607

Sec. 20

October 1, 2009

36a-608

Sec. 21

October 1, 2009

36a-609

Sec. 22

October 1, 2009

36a-647(c)

Sec. 23

October 1, 2009

36a-655

Sec. 24

October 1, 2009

36a-656

Sec. 25

October 1, 2009

36a-664(b)

Sec. 26

October 1, 2009

36a-718

Sec. 27

October 1, 2009

36a-801(b)(1)

Sec. 28

October 1, 2009

36a-802(a) and (b)

Sec. 29

October 1, 2009

36a-806(a)

Sec. 30

October 1, 2009

36a-807

Sec. 31

October 1, 2009

36a-808

Sec. 32

October 1, 2009

36a-555

Sec. 33

October 1, 2009

36a-573

Sec. 34

October 1, 2009

52-352b

Sec. 35

October 1, 2009

36a-3

BA

Joint Favorable Subst.

 

Yea

16

Nay

0

(03/10/2009)

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