Connecticut Seal

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House of Representatives

File No. 713

General Assembly

 

February Session, 2014

(Reprint of File No. 363)

Substitute House Bill No. 5353

 

As Amended by House Amendment

Schedule "A"

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, as amended by this act, and 36a-615.

T5

"Advertise", "advertisement" or "advertising". Section 36a-485, as

T6

amended by this act.

T7

"Agency bank". Section 36a-285.

T8

"Agent". Section 36a-494.

T9

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

T10

"Amount financed". Section 36a-690.

T11

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

T12

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

T13

"Annuities". Section 36a-455a.

T14

"Applicant". Section 36a-736.

T15

"APR". Section 36a-746a.

T16

"Assessment area". Section 36a-37.

T17

"Assets". Section 36a-70, as amended by this act.

T18

"Associate". Section 36a-184.

T19

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

T20

"Authorized delegate". Section 36a-596.

T21

"Bank". Section 36a-30.

T22

"Bankers' bank". Section 36a-70, as amended by this act.

T23

"Banking business". Section 36a-425.

T24

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

T25

"Billing cycle". Section 36a-565.

T26

"Bona fide nonprofit organization". Sections 36a-487, as amended by

T27

this act, and 36a-655.

T28

"Branch". Sections 36a-145, as amended by this act, 36a-410 and 36a-

T29

435b.

T30

"Branch office". [Section] Sections 36a-485, as amended by this act, and

T31

36a-715, as amended by this act.

T32

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

T33

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

T34

"Broker". Section 36a-746a.

T35

"Business and industrial development corporation". Section 36a-626.

T36

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

T37

"Capital". Section 36a-435b.

T38

"Cash advance". Section 36a-564.

T39

"Cash price". Section 36a-770.

T40

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

T41

"CHFA loan". Section 36a-760.

T42

"Clerical or support duties". Section 36a-485, as amended by this act.

T43

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

T44

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

T45

"Commercial vehicle". Section 36a-770.

T46

"Community bank". Section 36a-70, as amended by this act.

T47

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

T48

"Community development bank". Section 36a-70, as amended by this

T49

act.

T50

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

T51

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

T52

"Consolidate". Section 36a-145, as amended by this act.

T53

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

T54

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

T55

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

T56

"Consumer debtor" and "debtor". Sections 36a-645 and 36a-800.

T57

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

T58

"Consummation". Section 36a-746a.

T59

"Control person". Section 36a-485, as amended by this act.

T60

"Controlling interest". Section 36a-276.

T61

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

T62

"Corporate". Section 36a-435b.

T63

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

T64

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

T65

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

T66

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

T67

"Credit clinic". Section 36a-700.

T68

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

T69

"Credit report". Section 36a-695.

T70

"Credit sale". Section 36a-676.

T71

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

T72

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

T73

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

T74

"Debt". Section 36a-645.

T75

"Debt adjustment". Section 36a-655.

T76

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

T77

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

T78

"Debtor". Section 36a-655.

T79

"Deliver". Section 36a-316.

T80

"Deposit". Section 36a-316.

T81

"Deposit account". Section 36a-316.

T82

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

T83

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

T84

"Deposit contract". Section 36a-316.

T85

"Deposit services". Section 36a-425.

T86

"Depositor". Section 36a-316.

T87

"Depository institution". Section 36a-485, as amended by this act.

T88

"Derivative transaction". Section 36a-262.

T89

"Director". Section 36a-435b.

T90

"Dwelling". Section 36a-485, as amended by this act.

T91

"Earning period". Section 36a-316.

T92

"Electronic payment instrument". Section 36a-596.

T93

"Eligible collateral". Section 36a-330.

T94

"Eligible entity". Section 36a-34.

T95

"Employee". Section 36a-485, as amended by this act.

T96

"Entity". Section 36a-380, as amended by this act.

T97

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

T98

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

T99

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

T100

"Expedited Connecticut bank". Section 36a-70, as amended by this act.

T101

"Experience in the mortgage business". Section 36a-488.

T102

"Federal banking agency". Section 36a-485, as amended by this act.

T103

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

T104

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

T105

"FHA loan". Section 36a-760.

T106

"Fiduciary". Section 36a-365.

T107

"Filing fee". Section 36a-770.

T108

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

T109

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

T110

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

T111

"Financial records". Section 36a-41.

T112

"First mortgage loan". Sections 36a-485, as amended by this act, 36a-705

T113

and 36a-725.

T114

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

T115

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

T116

"General facility". Section 36a-580.

T117

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

T118

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

T119

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

T120

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

T121

"Guardian". Section 36a-365.

T122

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

T123

"Holder". Section 36a-596.

T124

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

T125

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

T126

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

T127

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

T128

"Home state". Section 36a-410.

T129

"Housing finance agency". Section 36a-487, as amended by this act.

T130

"Immediate family member". Sections 36a-435b and 36a-485, as

T131

amended by this act.

T132

"Independent contractor". Section 36a-485, as amended by this act.

T133

"Individual". Section 36a-485, as amended by this act.

T134

"Insider". Section 36a-454b.

T135

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

T136

"Insurance". Section 36a-455a.

T137

"Insurance bank". Section 36a-285.

T138

"Insurance department". Section 36a-285.

T139

"Interest". Section 36a-316.

T140

"Interest rate". Section 36a-316.

T141

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

T142

"Investments". Section 36a-602.

T143

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

T144

"Lessor". Section 36a-676.

T145

"License". Section 36a-626.

T146

"Licensee". Sections 36a-596, 36a-607 and 36a-626.

T147

"Limited branch". Section 36a-145, as amended by this act.

T148

"Limited facility". Section 36a-580.

T149

"Loan broker". Section 36a-615.

T150

"Loan processor or underwriter". Section 36a-485, as amended by this

T151

act.

T152

"Loss". Section 36a-330.

T153

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

T154

"Main office". Section 36a-485, as amended by this act.

T155

"Managing agent". Section 36a-365.

T156

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

T157

"Material litigation". Section 36a-598.

T158

"Member". Section 36a-435b.

T159

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

T160

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

T161

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

T162

"Mobile branch". Sections 36a-145, as amended by this act, and 36a-

T163

435b.

T164

"Monetary value". Section 36a-596.

T165

"Money transmission". Section 36a-596.

T166

"Mortgage". Section 36a-760g.

T167

"Mortgage broker". Sections 36a-485, as amended by this act, 36a-705

T168

and 36a-760.

T169

"Mortgage correspondent lender". Section 36a-485, as amended by this

T170

act.

T171

"Mortgage insurance". Section 36a-725.

T172

"Mortgage lender". Sections 36a-485, as amended by this act, 36a-705

T173

and 36a-725.

T174

"Mortgage loan". Sections 36a-261, 36a-265, 36a-457b and 36a-736.

T175

"Mortgage loan originator". Section 36a-485, as amended by this act.

T176

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

T177

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

T178

"Mortgage servicer". Section 36a-715, as amended by this act.

T179

"Mortgagee". Section 36a-715, as amended by this act.

T180

"Mortgagor". Section 36a-715, as amended by this act.

T181

"Motor vehicle". Section 36a-770.

T182

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

T183

"Municipality". Section 36a-800.

T184

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

T185

"Net worth". Sections 36a-441a and 36a-458a.

T186

"Network". Section 36a-155.

T187

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

T188

"Nonrefundable". Section 36a-498.

T189

"Nontraditional mortgage product". Section 36a-489a, as amended by

T190

this act.

T191

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

T192

"Office". Sections 36a-23, 36a-316 and 36a-485, as amended by this act.

T193

"Officer". Section 36a-435b.

T194

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

T195

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

T196

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

T197

"Organization". Section 36a-800.

T198

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

T199

"Outstanding". Section 36a-596.

T200

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

T201

"Payment instrument". Section 36a-596.

T202

"Periodic statement". Section 36a-316.

T203

"Permissible investment". Section 36a-596.

T204

"Person". Sections 36a-184 and 36a-485, as amended by this act.

T205

"Post". Section 36a-316.

T206

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

T207

"Prime quality". Section 36a-596.

T208

"Principal amount of the loan". Section 36a-485, as amended by this act.

T209

"Processor". Section 36a-155.

T210

"Public deposit". Section 36a-330.

T211

"Purchaser". Section 36a-596.

T212

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

T213

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

T214

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

T215

"Real estate brokerage activity". Section 36a-485, as amended by this

T216

act.

T217

"Records". Section 36a-17, as amended by this act.

T218

"Registered mortgage loan originator". Section 36a-485, as amended by

T219

this act.

T220

"Related person". Section 36a-53.

T221

"Relocate". Sections 36a-145, as amended by this act, and 36a-462a.

T222

"Residential mortgage loan". [Sections] Section 36a-485, as amended by

T223

this act. [and 36a-715.]

T224

"Residential real estate". Section 36a-485, as amended by this act.

T225

"Resulting entity". Section 36a-34.

T226

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

T227

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

T228

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

T229

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

T230

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

T231

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

T232

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

T233

"Savings department". Section 36a-285.

T234

"Savings deposit". Section 36a-316.

T235

"Secondary mortgage loan". Section 36a-485, as amended by this act.

T236

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

T237

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

T238

"Settlement agent". Section 36a-494.

T239

"Share". Section 36a-435b.

T240

"Simulated check". Section 36a-485, as amended by this act.

T241

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

T242

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

T243

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

T244

"Sponsored". Section 36a-485, as amended by this act.

T245

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

T246

"Stored value". Section 36a-596.

T247

["System". Section 36a-485.]

T248

"Table funding agreement". Section 36a-485, as amended by this act.

T249

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

T250

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

T251

"Time account". Section 36a-316.

T252

"Travelers check". Section 36a-596.

T253

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

T254

"Unique identifier". Section 36a-485, as amended by this act.

T255

"Unsecured loan". Section 36a-615.

T256

"Value". Section 36a-603.

T257

"Warehouse agreement". Section 36a-485, as amended by this act.

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

Section 1

October 1, 2014

36a-715

Sec. 2

October 1, 2014

36a-716

Sec. 3

October 1, 2014

36a-717

Sec. 4

October 1, 2014

36a-718

Sec. 5

October 1, 2014

New section

Sec. 6

October 1, 2014

New section

Sec. 7

October 1, 2014

New section

Sec. 8

October 1, 2014

New section

Sec. 9

October 1, 2014

New section

Sec. 10

January 1, 2015

New section

Sec. 11

January 1, 2015

New section

Sec. 12

January 1, 2015

New section

Sec. 13

January 1, 2015

New section

Sec. 14

October 1, 2014

New section

Sec. 15

October 1, 2014

New section

Sec. 16

October 1, 2014

New section

Sec. 17

October 1, 2014

New section

Sec. 18

October 1, 2014

36a-1

Sec. 19

October 1, 2014

36a-65(c)(6)

Sec. 20

October 1, 2014

36a-412(a)(4)

Sec. 21

October 1, 2014

36a-487(a)

Sec. 22

October 1, 2014

36a-671c

Sec. 23

October 1, 2014

49-2a

Sec. 24

October 1, 2014

49-2c

Sec. 25

October 1, 2014

36a-145(o)

Sec. 26

October 1, 2014

36a-633(a)

Sec. 27

from passage

36a-70(q)

Sec. 28

from passage

36a-2

Sec. 29

from passage

36a-3

Sec. 30

from passage

36a-485

Sec. 31

from passage

36a-21

Sec. 32

from passage

36a-51(c)

Sec. 33

October 1, 2014

New section

Sec. 34

October 1, 2014

36a-486(b)(2)

Sec. 35

October 1, 2014

36a-498e(10)

Sec. 36

October 1, 2014

36a-489a

Sec. 37

from passage

49-31l

Sec. 38

from passage

49-31n

Sec. 39

from passage

36a-801(g)

Sec. 40

from passage

34-600(30) and (31)

Sec. 41

from passage

34-600(38)

Sec. 42

from passage

36a-17(a)

Sec. 43

from passage

36a-196(a)

Sec. 44

from passage

36a-380(c)

Sec. 45

from passage

36a-534b(c)(3)

Sec. 46

July 1, 2014

New section

Sec. 47

October 1, 2014

36a-492

Sec. 48

October 1, 2014

36a-486(b)(3)

Sec. 49

from passage

36b-21(b)

Sec. 50

October 1, 2014

New section

Sec. 51

from passage

New section

Agency Affected

Fund-Effect

FY 15 $

FY 16 $

Banking Dept.

BF - Revenue Gain

up to 50,000

See Explanation

Judicial Dept.

BF - Cost

5.9 million

6.3 million

Various Agencies

GF,BF – Potential Cost

Less than 1,000

Less than 1,000

Agency Affected

Fund-Effect

FY 17 $

FY 18 $

FY 19 $

Banking Dept.

BF - Revenue Gain

up to 50,000

See Explanation

up to 50,000

Yea

17

Nay

0

(03/18/2014)

Yea

49

Nay

1

(04/22/2014)

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