General Assembly Raised Bill No. 908 January Session, 2011 LCO No. 2510 *_____SB00908BA____031511____* Referred to Committee on Banks Introduced by: (BA) General Assembly Raised Bill No. 908 January Session, 2011 LCO No. 2510 *_____SB00908BA____031511____* Referred to Committee on Banks Introduced by: (BA) AN ACT CONCERNING SECURED AND UNSECURED LENDING. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Subdivision (21) of subsection (a) of section 36a-250 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2011): (21) Make secured and unsecured loans and issue letters of credit, [as authorized by and subject to section 36a-260] except as otherwise expressly limited by sections 36a-261 to 36a-265, inclusive. Sec. 2. Section 36a-260 of the general statutes is repealed. (Effective October 1, 2011) This act shall take effect as follows and shall amend the following sections: Section 1 October 1, 2011 36a-250(a)(21) Sec. 2 October 1, 2011 Repealer section This act shall take effect as follows and shall amend the following sections: Section 1 October 1, 2011 36a-250(a)(21) Sec. 2 October 1, 2011 Repealer section BA Joint Favorable BA Joint Favorable