Bill Text: CT HB05049 | 2010 | General Assembly | Comm Sub

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Bill Title: An Act Concerning The Department Of Banking.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2010-03-30 - File Number 212 [HB05049 Detail]

Download: Connecticut-2010-HB05049-Comm_Sub.html

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General Assembly		Raised Bill No. 5049
February Session, 2010		LCO No. 537
		*_____HB05049BA____031710____*
Referred to Committee on Banks
Introduced by:
(BA)

AN ACT CONCERNING THE DEPARTMENT OF BANKING.

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 Section 36a-1 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2010):

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 loan originators and mortgage brokers, money order and travelers check licensees, check cashing service licensees, trustees under mortgages or deeds of trust of real property securing certain investments, corporations exercising fiduciary powers, small loan licensees, business and industrial development corporation licensees, sales finance companies, mortgage servicing companies, debt adjusters, and to [such] any 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.

Sec. 2. Section 36a-3 of the general statutes is repealed. (Effective October 1, 2010)

This act shall take effect as follows and shall amend the following sections:
Section 1	October 1, 2010	36a-1
Sec. 2	October 1, 2010	Repealer section

BA

Joint Favorable