Connecticut Seal

General Assembly


Raised Bill No. 473

February Session, 2018


LCO No. 1187



Referred to Committee on BANKING


Introduced by:





Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Section 36a-1 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2018):

This title shall be known as the "Banking Law of Connecticut" and shall be applicable to all Connecticut banks, Connecticut credit unions, mortgage lenders, mortgage correspondent lenders, mortgage brokers, mortgage loan originators, loan processors or underwriters, money transmitters, check cashers, trustees under mortgages or deeds of trust of real property securing certain investments, corporations exercising fiduciary powers, small loan lenders, business and industrial development corporation licensees, sales finance companies, mortgage servicers, debt adjusters, debt negotiators, consumer collection agencies and to such other persons [as] who subject themselves to the provisions of this title or who, by violating any of its provisions, become subject to the penalties provided in this title.

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

Section 1

October 1, 2018


Statement of Purpose:

To make a minor change to a statute related to the Department of Banking.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]