Connecticut 2012 Regular Session

Connecticut House Bill HB05070 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	General Assembly Raised Bill No. 5070
2	2	February Session, 2012 LCO No. 831
3	3	00831_______BA_
4	4	Referred to Committee on Banks
5	5	Introduced by:
6	6	(BA)
7	7
8	8	General Assembly
9	9
10	10	Raised Bill No. 5070
11	11
12	12	February Session, 2012
13	13
14	14	LCO No. 831
15	15
16	16	00831_______BA_
17	17
18	18	Referred to Committee on Banks
19	19
20	20	Introduced by:
21	21
22	22	(BA)
23	23
24	24	AN ACT CONCERNING LOAN PRODUCTION OFFICES, INTERSTATE BRANCHING AND NONBANK TRUSTEES.
25	25
26	26	Be it enacted by the Senate and House of Representatives in General Assembly convened:
27	27
28	28	Section 1. Section 36a-2 of the 2012 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
29	29
30	30	As used in this title, unless the context otherwise requires:
31	31
32	32	(1) "Affiliate" of a person means any person controlling, controlled by, or under common control with, that person;
33	33
34	34	(2) "Applicant" with respect to any license or approval provision pursuant to this title means a person who applies for that license or approval;
35	35
36	36	(3) "Automated teller machine" means a stationary or mobile unattended device, including a satellite device but excluding a point of sale terminal, at which banking transactions, including, but not limited to, deposits, withdrawals, advances, payments or transfers, may be conducted;
37	37
38	38	(4) "Bank" means a Connecticut bank or a federal bank;
39	39
40	40	(5) "Bank and trust company" means an institution chartered or organized under the laws of this state as a bank and trust company;
41	41
42	42	(6) "Bank holding company" has the meaning given to that term in 12 USC Section 1841(a), as amended from time to time, except that the term "bank", as used in 12 USC Section 1841(a) includes a bank or out-of-state bank that functions solely in a trust or fiduciary capacity;
43	43
44	44	(7) "Capital stock" when used in conjunction with any bank or out-of-state bank means a bank or out-of-state bank that is authorized to accumulate funds through the issuance of its capital stock;
45	45
46	46	(8) "Client" means a beneficiary of a trust for whom the Connecticut bank acts as trustee, a person for whom the Connecticut bank acts as agent, custodian or bailee, or other person to whom a Connecticut bank owes a duty or obligation under a trust or other account administered by such Connecticut bank, regardless of whether such Connecticut bank owes a fiduciary duty to the person;
47	47
48	48	(9) "Club deposit" means deposits to be received at regular intervals, the whole amount deposited to be withdrawn by the owner or repaid by the bank in not more than fifteen months from the date of the first deposit, and upon which no interest or dividends need to be paid;
49	49
50	50	(10) "Commissioner" means the Banking Commissioner and, with respect to any function of the commissioner, includes any person authorized or designated by the commissioner to carry out that function;
51	51
52	52	(11) "Company" means any corporation, joint stock company, trust, association, partnership, limited partnership, unincorporated organization, limited liability company or similar organization, but does not include (A) any corporation the majority of the shares of which are owned by the United States or by any state, or (B) any trust which by its terms shall terminate within twenty-five years or not later than twenty-one years and ten months after the death of beneficiaries living on the effective date of the trust;
53	53
54	54	(12) "Connecticut bank" means a bank and trust company, savings bank or savings and loan association chartered or organized under the laws of this state;
55	55
56	56	(13) "Connecticut credit union" means a cooperative, nonprofit financial institution that (A) is organized under chapter 667 and the membership of which is limited as provided in section 36a-438a, (B) operates for the benefit and general welfare of its members with the earnings, benefits or services offered being distributed to or retained for its members, and (C) is governed by a volunteer board of directors elected by and from its membership;
57	57
58	58	(14) "Connecticut credit union service organization" means a credit union service organization that is incorporated under the laws of this state, located in this state and established by at least one Connecticut credit union;
59	59
60	60	(15) "Consolidation" means a combination of two or more institutions into a new institution; all institutions party to the consolidation, other than the new institution, are "constituent" institutions; the new institution is the "resulting" institution;
61	61
62	62	(16) "Control" has the meaning given to that term in 12 USC Section 1841(a), as amended from time to time;
63	63
64	64	(17) "Credit union service organization" means an entity organized under state or federal law to provide credit union service organization services primarily to its members, to Connecticut credit unions, federal credit unions and out-of-state credit unions other than its members, and to members of any such other credit unions;
65	65
66	66	(18) "Customer" means any person using a service offered by a financial institution;
67	67
68	68	(19) "Demand account" means an account into which demand deposits may be made;
69	69
70	70	(20) "Demand deposit" means a deposit that is payable on demand, a deposit issued with an original maturity or required notice period of less than seven days or a deposit representing funds for which the bank does not reserve the right to require at least seven days' written notice of the intended withdrawal, but does not include any time deposit;
71	71
72	72	(21) "Deposit" means funds deposited with a depository;
73	73
74	74	(22) "Deposit account" means an account into which deposits may be made;
75	75
76	76	(23) "Depositor" includes a member of a mutual savings and loan association;
77	77
78	78	(24) "Director" means a member of the governing board of a financial institution;
79	79
80	80	(25) "Equity capital" means the excess of a Connecticut bank's total assets over its total liabilities, as defined in the instructions of the federal Financial Institutions Examination Council for consolidated reports of condition and income;
81	81
82	82	(26) "Executive officer" means every officer of a Connecticut bank who participates or has authority to participate, otherwise than in the capacity of a director, in major policy-making functions of such bank, regardless of whether such officer has an official title or whether that title contains a designation of assistant and regardless of whether such officer is serving without salary or other compensation. The president, vice president, secretary and treasurer of such bank are deemed to be executive officers, unless, by resolution of the governing board or by such bank's bylaws, any such officer is excluded from participation in major policy-making functions, otherwise than in the capacity of a director of such bank, and such officer does not actually participate in such policy-making functions;
83	83
84	84	(27) "Federal agency" has the meaning given to that term in 12 USC Section 3101, as amended from time to time;
85	85
86	86	(28) "Federal bank" means a national banking association, federal savings bank or federal savings and loan association having its principal office in this state;
87	87
88	88	(29) "Federal branch" has the meaning given to that term in 12 USC Section 3101, as amended from time to time;
89	89
90	90	(30) "Federal credit union" means any institution chartered or organized as a federal credit union pursuant to the laws of the United States having its principal office in this state;
91	91
92	92	(31) "Fiduciary" means a person undertaking to act alone or jointly with others primarily for the benefit of another or others in all matters connected with its undertaking and includes a person acting in the capacity of trustee, executor, administrator, guardian, assignee, receiver, conservator, agent, custodian under the Connecticut Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act, and acting in any other similar capacity;
93	93
94	94	(32) "Financial institution" means any Connecticut bank, Connecticut credit union, or other person whose activities in this state are subject to the supervision of the commissioner, but does not include a person whose activities are subject to the supervision of the commissioner solely pursuant to chapter 672a, 672b or 672c or any combination thereof;
95	95
96	96	(33) "Foreign bank" has the meaning given to that term in 12 USC Section 3101, as amended from time to time;
97	97
98	98	(34) "Foreign country" means any country other than the United States and includes any colony, dependency or possession of any such country;
99	99
100	100	(35) "Governing board" means the group of persons vested with the management of the affairs of a financial institution irrespective of the name by which such group is designated;
101	101
102	102	(36) "Holding company" means a bank holding company or a savings and loan holding company, except, as used in sections 36a-180 to 36a-191, inclusive, "holding company" means a company that controls a bank;
103	103
104	104	(37) "Insured depository institution" has the meaning given to that term in 12 USC Section 1813, as amended from time to time;
105	105
106	106	(38) "Licensee" means any person who is licensed or required to be licensed pursuant to the applicable provisions of this title;
107	107
108	108	(39) "Loan" includes any line of credit or other extension of credit;
109	109
110	110	(40) "Loan production office" means an office of a bank or out-of-state bank, other than a foreign bank, whose activities are limited to loan production and solicitation;
111	111
112	112	[(40)] (41) "Merger" means the combination of one or more institutions with another which continues its corporate existence; all institutions party to the merger are "constituent" institutions; the merging institution which upon the merger continues its existence is the "resulting" institution;
113	113
114	114	[(41)] (42) "Mutual" when used in conjunction with any institution that is a bank or out-of-state bank means any such institution without capital stock;
115	115
116	116	[(42)] (43) "Mutual holding company" means a mutual holding company organized under sections 36a-192 to 36a-199, inclusive, and unless otherwise indicated, a subsidiary holding company controlled by a mutual holding company organized under sections 36a-192 to 36a-199, inclusive;
117	117
118	118	[(43) "Nationwide Mortgage Licensing System" means the nation-wide mortgage licensing system implemented pursuant to a uniform mortgage licensing project under the auspices of the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators;]
119	119
120	120	(44) "Out-of-state" includes any state other than Connecticut and any foreign country;
121	121
122	122	(45) "Out-of-state bank" means any institution that engages in the business of banking, but does not include a bank, Connecticut credit union, federal credit union or out-of-state credit union;
123	123
124	124	(46) "Out-of-state credit union" means any credit union other than a Connecticut credit union or a federal credit union;
125	125
126	126	(47) "Out-of-state trust company" means any company chartered to act as a fiduciary but does not include a company chartered under the laws of this state, a bank, an out-of-state bank, a Connecticut credit union, a federal credit union or an out-of-state credit union;
127	127
128	128	(48) "Person" means an individual, company, including a company described in subparagraphs (A) and (B) of subdivision (11) of this section, or any other legal entity, including a federal, state or municipal government or agency or any political subdivision thereof;
129	129
130	130	(49) "Point of sale terminal" means a device located in a commercial establishment at which sales transactions can be charged directly to the buyer's deposit, loan or credit account, but at which deposit transactions cannot be conducted;
131	131
132	132	(50) "Prepayment penalty" means any charge or penalty for paying all or part of the outstanding balance owed on a loan before the date on which the principal is due and includes computing a refund of unearned interest by a method that is less favorable to the borrower than the actuarial method, as defined by Section 933(d) of the Housing and Community Development Act of 1992, 15 USC 1615(d), as amended from time to time;
133	133
134	134	(51) "Reorganized savings bank" means any savings bank incorporated and organized in accordance with sections 36a-192 and 36a-193;
135	135
136	136	(52) "Reorganized savings and loan association" means any savings and loan association incorporated and organized in accordance with sections 36a-192 and 36a-193;
137	137
138	138	(53) "Reorganized savings institution" means any reorganized savings bank or reorganized savings and loan association;
139	139
140	140	(54) "Representative office" has the meaning given to that term in 12 USC Section 3101, as amended from time to time;
141	141
142	142	(55) "Reserves for loan and lease losses" means the amounts reserved by a Connecticut bank against possible loan and lease losses as shown on the bank's consolidated reports of condition and income;
143	143
144	144	(56) "Retail deposits" means any deposits made by individuals who are not "accredited investors", as defined in 17 CFR 230.501(a);
145	145
146	146	(57) "Satellite device" means an automated teller machine which is not part of an office of the bank, Connecticut credit union or federal credit union which has established such machine;
147	147
148	148	(58) "Savings account" means a deposit account, other than an escrow account established pursuant to section 49-2a, into which savings deposits may be made and which account must be evidenced by periodic statements delivered at least semiannually or by a passbook;
149	149
150	150	(59) "Savings and loan association" means an institution chartered or organized under the laws of this state as a savings and loan association;
151	151
152	152	(60) "Savings bank" means an institution chartered or organized under the laws of this state as a savings bank;
153	153
154	154	(61) "Savings deposit" means any deposit other than a demand deposit or time deposit on which interest or a dividend is paid periodically;
155	155
156	156	(62) "Savings and loan holding company" has the meaning given to that term in 12 USC Section 1467a, as amended from time to time;
157	157
158	158	(63) "Share account holder" means a person who maintains a share account in a Connecticut credit union, federal credit union or out-of-state credit union that maintains in this state a branch, as defined in section 36a-435b;
159	159
160	160	(64) "State" means any state of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the trust territory of the Pacific Islands, the Virgin Islands and the Northern Mariana Islands;
161	161
162	162	(65) "State agency" has the meaning given to that term in 12 USC Section 3101, as amended from time to time;
163	163
164	164	(66) "State branch" has the meaning given to that term in 12 USC Section 3101, as amended from time to time;
165	165
166	166	(67) "Subsidiary" has the meaning given to that term in 12 USC Section 1841(d), as amended from time to time;
167	167
168	168	(68) "Subsidiary holding company" means a stock holding company, controlled by a mutual holding company, that holds one hundred per cent of the stock of a reorganized savings institution;
169	169
170	170	(69) "Supervisory agency" means: (A) The commissioner; (B) the Federal Deposit Insurance Corporation; (C) the Resolution Trust Corporation; (D) the Office of Thrift Supervision; (E) the National Credit Union Administration; (F) the Board of Governors of the Federal Reserve System; (G) the United States Comptroller of the Currency; (H) the Bureau of Consumer Financial Protection; and (I) any successor to any of the foregoing agencies or individuals;
171	171
172	172	(70) "Time account" means an account into which time deposits may be made;
173	173
174	174	(71) "Time deposit" means a deposit that the depositor or share account holder does not have a right and is not permitted to make withdrawals from within six days after the date of deposit, unless the deposit is subject to an early withdrawal penalty of at least seven days' simple interest on amounts withdrawn within the first six days after deposit, subject to those exceptions permissible under 12 CFR Part 204, as amended from time to time;
175	175
176	176	(72) "Trust bank" means a Connecticut bank organized to function solely in a fiduciary capacity; and
177	177
178	178	(73) "Uninsured bank" means a Connecticut bank that does not accept retail deposits and for which insurance of deposits by the Federal Deposit Insurance Corporation or its successor agency is not required.
179	179
180	180	Sec. 2. Section 36a-3 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
181	181
182	182	Other definitions applying to this title or to specified parts thereof and the sections in which they appear are:
183	183
184	184
185	185
186	186	T1 "Account". Sections 36a-155 and 36a-365.
187	187	T2 "Additional proceeds". Section 36a-746e.
188	188	T3 "Administrative expense". Section 36a-237.
189	189	T4 "Advance fee". Sections 36a-485 and 36a-615.
190	190	T5 "Advertise" or "advertisement". Section 36a-485.
191	191	T6 "Agency bank". Section 36a-285.
192	192	T7 "Alternative mortgage loan". Section 36a-265.
193	193	T8 "Amount financed". Section 36a-690.
194	194	T9 "Annual percentage rate". Section 36a-690.
195	195	T10 "Annual percentage yield". Section 36a-316.
196	196	T11 "Annuities". Section 36a-455a.
197	197	T12 "Applicant". Section 36a-736.
198	198	T13 "APR". Section 36a-746a.
199	199	T14 "Assessment area". Section 36a-37.
200	200	T15 "Assets". Section 36a-70.
201	201	T16 "Associate". Section 36a-184.
202	202	T17 "Associated member". Section 36a-458a.
203	203	T18 "Bank". Section 36a-30.
204	204	T19 "Bankers' bank". Section 36a-70.
205	205	T20 "Banking business". Section 36a-425.
206	206	T21 "Basic services". Section 36a-437a.
207	207	T22 "Billing cycle". Section 36a-565.
208	208	T23 "Bona fide nonprofit organization". Section 36a-655.
209	209	T24 "Branch". Sections 36a-145, as amended by this act, 36a-410 and
210	210	T25 36a-435b.
211	211	T26 "Branch office". Section 36a-485.
212	212	T27 "Branch or agency net payment entitlement". Section 36a-428n.
213	213	T28 "Branch or agency net payment obligation". Section 36a-428n.
214	214	T29 "Broker". Section 36a-746a.
215	215	T30 "Business and industrial development corporation". Section 36a-626.
216	216	T31 "Business and property in this state". Section 36a-428n.
217	217	T32 "Capital". Section 36a-435b.
218	218	T33 "Cash advance". Section 36a-564.
219	219	T34 "Cash price". Section 36a-770.
220	220	T35 "Certificate of incorporation". Section 36a-435b.
221	221	T36 "CHFA loan". Section 36a-760.
222	222	T37 "Closely related activities". Sections 36a-250 and 36a-455a.
223	223	T38 "Collective managing agency account". Section 36a-365.
224	224	T39 "Commercial vehicle". Section 36a-770.
225	225	T40 "Community bank". Section 36a-70.
226	226	T41 "Community credit union". Section 36a-37.
227	227	T42 "Community development bank". Section 36a-70.
228	228	T43 "Community reinvestment performance". Section 36a-37.
229	229	T44 "Connecticut holding company". Sections 36a-53 and 36a-410.
230	230	T45 "Consolidate". Section 36a-145, as amended by this act.
231	231	T46 "Construction loan". Section 36a-458a.
232	232	T47 "Consumer". Sections 36a-155, 36a-676 and 36a-695.
233	233	T48 "Consumer Credit Protection Act". Section 36a-676.
234	234	T49 "Consumer debtor" and "debtor". Sections 36a-645 and 36a-800.
235	235	T50 "Consumer collection agency". Section 36a-800.
236	236	T51 "Consummation". Section 36a-746a.
237	237	T52 "Controlling interest". Section 36a-276.
238	238	T53 "Conventional mortgage rate". Section 36a-760.
239	239	T54 "Corporate". Section 36a-435b.
240	240	T55 "Credit". Sections 36a-645 and 36a-676.
241	241	T56 "Credit manager". Section 36a-435b.
242	242	T57 "Creditor". Sections 36a-676, 36a-695 and 36a-800.
243	243	T58 "Credit card", "cardholder" and "card issuer". Section 36a-676.
244	244	T59 "Credit clinic". Section 36a-700.
245	245	T60 "Credit rating agency". Section 36a-695.
246	246	T61 "Credit report". Section 36a-695.
247	247	T62 "Credit sale". Section 36a-676.
248	248	T63 "Credit union service organization". Section 36a-435b.
249	249	T64 "Credit union service organization services". Section 36a-435b.
250	250	T65 "De novo branch". Section 36a-410.
251	251	T66 "Debt". Section 36a-645.
252	252	T67 "Debt adjustment". Section 36a-655.
253	253	T68 "Debt mutual fund". Sections 36a-275 and 36a-459a.
254	254	T69 "Debt securities". Sections 36a-275 and 36a-459a.
255	255	T70 "Debtor". Section 36a-655.
256	256	T71 "Deliver". Section 36a-316.
257	257	T72 "Deposit". Section 36a-316.
258	258	T73 "Deposit account". Section 36a-316.
259	259	T74 "Deposit account charge". Section 36a-316.
260	260	T75 "Deposit account disclosures". Section 36a-316.
261	261	T76 "Deposit contract". Section 36a-316.
262	262	T77 "Deposit services". Section 36a-425.
263	263	T78 "Depositor". Section 36a-316.
264	264	T79 "Derivative transaction". Section 36a-262, as amended by this act.
265	265	T80 "Director". Section 36a-435b.
266	266	T81 "Earning period". Section 36a-316.
267	267	T82 "Electronic payment instrument". Section 36a-596.
268	268	T83 "Eligible collateral". Section 36a-330.
269	269	T84 "Eligible entity". Section 36a-34.
270	270	T85 "Entity". Section 36a-380, as amended by this act.
271	271	T86 "Equity mutual fund". Sections 36a-276 and 36a-459a.
272	272	T87 "Equity security". Sections 36a-276 and 36a-459a.
273	273	T88 "Executive officer". Sections 36a-263 and 36a-469c.
274	274	T89 "Expedited Connecticut bank". Section 36a-70.
275	275	T90 "Federal Credit Union Act". Section 36a-435b.
276	276	T91 "Federal Home Mortgage Disclosure Act". Section 36a-736.
277	277	T92 "FHA loan". Section 36a-760.
278	278	T93 "Fiduciary". Section 36a-365.
279	279	T94 "Filing fee". Section 36a-770.
280	280	T95 "Finance charge". Sections 36a-690 and 36a-770.
281	281	T96 "Financial institution". Sections 36a-41, 36a-44a, 36a-155, 36a-316,
282	282	T97 36a-330, 36a-435b, 36a-736 and 36a-755.
283	283	T98 "Financial records". Section 36a-41.
284	284	T99 "First mortgage loan". Sections 36a-485, 36a-705, 36a-715 and 36a-725.
285	285	T100 "Foreign banking corporation". Section 36a-425.
286	286	T101 "Fully indexed rate". Section 36a-760b.
287	287	T102 "General facility". Section 36a-580.
288	288	T103 "Global net payment entitlement". Section 36a-428n.
289	289	T104 "Global net payment obligation". Section 36a-428n.
290	290	T105 "Goods". Sections 36a-535 and 36a-770.
291	291	T106 "Graduated payment mortgage loan". Section 36a-265.
292	292	T107 "Guardian". Section 36a-365.
293	293	T108 "High cost home loan". Section 36a-746a.
294	294	T109 "Holder". Section 36a-596.
295	295	T110 "Home banking services". Section 36a-170.
296	296	T111 "Home banking terminal". Section 36a-170.
297	297	T112 "Home improvement loan". Section 36a-736.
298	298	T113 "Home purchase loan". Section 36a-736.
299	299	T114 "Home state". Section 36a-410.
300	300	T115 "Immediate family member". Section 36a-435b.
301	301	T116 "Insider". Section 36a-454b.
302	302	T117 "Installment loan contract". Sections 36a-535 and 36a-770.
303	303	T118 "Insurance". Section 36a-455a.
304	304	T119 "Insurance bank". Section 36a-285.
305	305	T120 "Insurance department". Section 36a-285.
306	306	T121 "Interest". Section 36a-316.
307	307	T122 "Interest rate". Section 36a-316.
308	308	T123 "Interim interest". Section 36a-746a.
309	309	T124 "Lender". Sections 36a-746a, 36a-760 and 36a-770.
310	310	T125 "Lessor". Section 36a-676.
311	311	T126 "License". Section 36a-626.
312	312	T127 "Licensee". Sections 36a-596 and 36a-626.
313	313	T128 "Limited branch". Section 36a-145, as amended by this act.
314	314	T129 "Limited facility". Section 36a-580.
315	315	T130 "Loan broker". Section 36a-615.
316	316	T131 "Loss". Section 36a-330.
317	317	T132 "Made in this state". Section 36a-770.
318	318	T133 "Main office". Section 36a-485.
319	319	T134 "Managing agent". Section 36a-365.
320	320	T135 "Manufactured home". Section 36a-457b.
321	321	T136 "Material litigation". Section 36a-596.
322	322	T137 "Member". Section 36a-435b.
323	323	T138 "Member business loan". Section 36a-458a.
324	324	T139 "Member in good standing". Section 36a-435b.
325	325	T140 "Membership share". Section 36a-435b.
326	326	T141 "Mobile branch". Sections 36a-145, as amended by this act,
327	327	T142 and 36a-435b.
328	328	T143 "Money order". Section 36a-596.
329	329	T144 "Money transmission". Section 36a-365.
330	330	T145 "Mortgage". Section 36a-760g.
331	331	T146 "Mortgage broker". Sections 36a-485, 36a-705 and 36a-760.
332	332	T147 "Mortgage correspondent lender". Section 36a-485.
333	333	T148 "Mortgage insurance". Section 36a-725.
334	334	T149 "Mortgage lender". Sections 36a-485, 36a-705 and 36a-725.
335	335	T150 "Mortgage loan". Sections 36a-261, as amended by this act, 36a-265,
336	336	T151 36a-457b, 36a-485 and 36a-736.
337	337	T152 "Mortgage loan originator". Section 36a-485.
338	338	T153 "Mortgage rate lock-in". Section 36a-705.
339	339	T154 "Mortgage servicing company". Section 36a-715.
340	340	T155 "Mortgagor". Section 36a-715.
341	341	T156 "Motor vehicle". Section 36a-770.
342	342	T157 "Multiple common bond membership". Section 36a-435b.
343	343	T158 "Municipality". Section 36a-800.
344	344	T159 "Net outstanding member business loan balance". Section 36a-458a.
345	345	T160 "Net worth". Sections 36a-441a, 36a-458a and 36a-596.
346	346	T161 "Network". Section 36a-155.
347	347	T162 "Nonprime home loan". Section 36a-760.
348	348	T163 "Nonrefundable". Section 36a-498.
349	349	T164 "Note account". Sections 36a-301 and 36a-456b.
350	350	T165 "Office". Sections 36a-23, 36a-316 and 36a-485.
351	351	T166 "Officer". Section 36a-435b.
352	352	T167 "Open-end credit plan". Section 36a-676.
353	353	T168 "Open-end line of credit". Section 36a-760.
354	354	T169 "Open-end loan". Section 36a-565.
355	355	T170 "Organization". Section 36a-800.
356	356	T171 "Out-of-state holding company". Section 36a-410.
357	357	T172 "Outstanding". Section 36a-596.
358	358	T173 "Passbook savings account". Section 36a-316.
359	359	T174 "Payment instrument". Section 36a-596.
360	360	T175 "Periodic statement". Section 36a-316.
361	361	T176 "Permissible investment". Section 36a-596.
362	362	T177 "Person". Section 36a-184.
363	363	T178 "Post". Section 36a-316.
364	364	T179 "Prepaid finance charge". Section 36a-746a.
365	365	T180 "Prime quality". Section 36a-596.
366	366	T181 "Principal amount of the loan". Section 36a-485.
367	367	T182 "Processor". Section 36a-155.
368	368	T183 "Public deposit". Section 36a-330.
369	369	T184 "Purchaser". Section 36a-596.
370	370	T185 "Qualified financial contract". Section 36a-428n.
371	371	T186 "Qualified public depository" and "depository". Section 36a-330.
372	372	T187 "Real estate". Section 36a-457b.
373	373	T188 "Records". Section 36a-17.
374	374	T189 "Related person". Section 36a-53.
375	375	T190 "Relocate". Sections 36a-145, as amended by this act, and 36a-462a.
376	376	T191 "Residential property". Section 36a-485.
377	377	T192 "Resulting entity". Section 36a-34.
378	378	T193 "Retail buyer". Sections 36a-535 and 36a-770.
379	379	T194 "Retail credit transaction". Section 42-100b.
380	380	T195 "Retail installment contract". Sections 36a-535 and 36a-770.
381	381	T196 "Retail installment sale". Sections 36a-535 and 36a-770.
382	382	T197 "Retail seller". Sections 36a-535 and 36a-770.
383	383	T198 "Reverse annuity mortgage loan". Section 36a-265.
384	384	T199 "Sales finance company". Sections 36a-535 and 36a-770.
385	385	T200 "Savings department". Section 36a-285.
386	386	T201 "Savings deposit". Section 36a-316.
387	387	T202 "Secondary mortgage loan". Section 36a-485.
388	388	T203 "Security convertible into a voting security". Section 36a-184.
389	389	T204 "Senior management". Section 36a-435b.
390	390	T205 "Share". Section 36a-435b.
391	391	T206 "Simulated check". Section 36a-485.
392	392	T207 "Single common bond membership". Section 36a-435b.
393	393	T208 "Special mortgage". Section 36a-760c.
394	394	T209 "Social purpose investment". Section 36a-277.
395	395	T210 "Standard mortgage loan". Section 36a-265.
396	396	T211 "Table funding agreement". Section 36a-485.
397	397	T212 "Tax and loan account". Sections 36a-301 and 36a-456b.
398	398	T213 "The Savings Bank Life Insurance Company". Section 36a-285.
399	399	T214 "Time account". Section 36a-316.
400	400	T215 "Travelers check". Section 36a-596.
401	401	T216 "Troubled Connecticut credit union". Section 36a-448a.
402	402	T217 "Unsecured loan". Section 36a-615.
403	403	T218 "Warehouse agreement". Section 36a-485.
404	404
405	405	T1
406	406
407	407	"Account". Sections 36a-155 and 36a-365.
408	408
409	409	T2
410	410
411	411	"Additional proceeds". Section 36a-746e.
412	412
413	413	T3
414	414
415	415	"Administrative expense". Section 36a-237.
416	416
417	417	T4
418	418
419	419	"Advance fee". Sections 36a-485 and 36a-615.
420	420
421	421	T5
422	422
423	423	"Advertise" or "advertisement". Section 36a-485.
424	424
425	425	T6
426	426
427	427	"Agency bank". Section 36a-285.
428	428
429	429	T7
430	430
431	431	"Alternative mortgage loan". Section 36a-265.
432	432
433	433	T8
434	434
435	435	"Amount financed". Section 36a-690.
436	436
437	437	T9
438	438
439	439	"Annual percentage rate". Section 36a-690.
440	440
441	441	T10
442	442
443	443	"Annual percentage yield". Section 36a-316.
444	444
445	445	T11
446	446
447	447	"Annuities". Section 36a-455a.
448	448
449	449	T12
450	450
451	451	"Applicant". Section 36a-736.
452	452
453	453	T13
454	454
455	455	"APR". Section 36a-746a.
456	456
457	457	T14
458	458
459	459	"Assessment area". Section 36a-37.
460	460
461	461	T15
462	462
463	463	"Assets". Section 36a-70.
464	464
465	465	T16
466	466
467	467	"Associate". Section 36a-184.
468	468
469	469	T17
470	470
471	471	"Associated member". Section 36a-458a.
472	472
473	473	T18
474	474
475	475	"Bank". Section 36a-30.
476	476
477	477	T19
478	478
479	479	"Bankers' bank". Section 36a-70.
480	480
481	481	T20
482	482
483	483	"Banking business". Section 36a-425.
484	484
485	485	T21
486	486
487	487	"Basic services". Section 36a-437a.
488	488
489	489	T22
490	490
491	491	"Billing cycle". Section 36a-565.
492	492
493	493	T23
494	494
495	495	"Bona fide nonprofit organization". Section 36a-655.
496	496
497	497	T24
498	498
499	499	"Branch". Sections 36a-145, as amended by this act, 36a-410 and
500	500
501	501	T25
502	502
503	503	36a-435b.
504	504
505	505	T26
506	506
507	507	"Branch office". Section 36a-485.
508	508
509	509	T27
510	510
511	511	"Branch or agency net payment entitlement". Section 36a-428n.
512	512
513	513	T28
514	514
515	515	"Branch or agency net payment obligation". Section 36a-428n.
516	516
517	517	T29
518	518
519	519	"Broker". Section 36a-746a.
520	520
521	521	T30
522	522
523	523	"Business and industrial development corporation". Section 36a-626.
524	524
525	525	T31
526	526
527	527	"Business and property in this state". Section 36a-428n.
528	528
529	529	T32
530	530
531	531	"Capital". Section 36a-435b.
532	532
533	533	T33
534	534
535	535	"Cash advance". Section 36a-564.
536	536
537	537	T34
538	538
539	539	"Cash price". Section 36a-770.
540	540
541	541	T35
542	542
543	543	"Certificate of incorporation". Section 36a-435b.
544	544
545	545	T36
546	546
547	547	"CHFA loan". Section 36a-760.
548	548
549	549	T37
550	550
551	551	"Closely related activities". Sections 36a-250 and 36a-455a.
552	552
553	553	T38
554	554
555	555	"Collective managing agency account". Section 36a-365.
556	556
557	557	T39
558	558
559	559	"Commercial vehicle". Section 36a-770.
560	560
561	561	T40
562	562
563	563	"Community bank". Section 36a-70.
564	564
565	565	T41
566	566
567	567	"Community credit union". Section 36a-37.
568	568
569	569	T42
570	570
571	571	"Community development bank". Section 36a-70.
572	572
573	573	T43
574	574
575	575	"Community reinvestment performance". Section 36a-37.
576	576
577	577	T44
578	578
579	579	"Connecticut holding company". Sections 36a-53 and 36a-410.
580	580
581	581	T45
582	582
583	583	"Consolidate". Section 36a-145, as amended by this act.
584	584
585	585	T46
586	586
587	587	"Construction loan". Section 36a-458a.
588	588
589	589	T47
590	590
591	591	"Consumer". Sections 36a-155, 36a-676 and 36a-695.
592	592
593	593	T48
594	594
595	595	"Consumer Credit Protection Act". Section 36a-676.
596	596
597	597	T49
598	598
599	599	"Consumer debtor" and "debtor". Sections 36a-645 and 36a-800.
600	600
601	601	T50
602	602
603	603	"Consumer collection agency". Section 36a-800.
604	604
605	605	T51
606	606
607	607	"Consummation". Section 36a-746a.
608	608
609	609	T52
610	610
611	611	"Controlling interest". Section 36a-276.
612	612
613	613	T53
614	614
615	615	"Conventional mortgage rate". Section 36a-760.
616	616
617	617	T54
618	618
619	619	"Corporate". Section 36a-435b.
620	620
621	621	T55
622	622
623	623	"Credit". Sections 36a-645 and 36a-676.
624	624
625	625	T56
626	626
627	627	"Credit manager". Section 36a-435b.
628	628
629	629	T57
630	630
631	631	"Creditor". Sections 36a-676, 36a-695 and 36a-800.
632	632
633	633	T58
634	634
635	635	"Credit card", "cardholder" and "card issuer". Section 36a-676.
636	636
637	637	T59
638	638
639	639	"Credit clinic". Section 36a-700.
640	640
641	641	T60
642	642
643	643	"Credit rating agency". Section 36a-695.
644	644
645	645	T61
646	646
647	647	"Credit report". Section 36a-695.
648	648
649	649	T62
650	650
651	651	"Credit sale". Section 36a-676.
652	652
653	653	T63
654	654
655	655	"Credit union service organization". Section 36a-435b.
656	656
657	657	T64
658	658
659	659	"Credit union service organization services". Section 36a-435b.
660	660
661	661	T65
662	662
663	663	"De novo branch". Section 36a-410.
664	664
665	665	T66
666	666
667	667	"Debt". Section 36a-645.
668	668
669	669	T67
670	670
671	671	"Debt adjustment". Section 36a-655.
672	672
673	673	T68
674	674
675	675	"Debt mutual fund". Sections 36a-275 and 36a-459a.
676	676
677	677	T69
678	678
679	679	"Debt securities". Sections 36a-275 and 36a-459a.
680	680
681	681	T70
682	682
683	683	"Debtor". Section 36a-655.
684	684
685	685	T71
686	686
687	687	"Deliver". Section 36a-316.
688	688
689	689	T72
690	690
691	691	"Deposit". Section 36a-316.
692	692
693	693	T73
694	694
695	695	"Deposit account". Section 36a-316.
696	696
697	697	T74
698	698
699	699	"Deposit account charge". Section 36a-316.
700	700
701	701	T75
702	702
703	703	"Deposit account disclosures". Section 36a-316.
704	704
705	705	T76
706	706
707	707	"Deposit contract". Section 36a-316.
708	708
709	709	T77
710	710
711	711	"Deposit services". Section 36a-425.
712	712
713	713	T78
714	714
715	715	"Depositor". Section 36a-316.
716	716
717	717	T79
718	718
719	719	"Derivative transaction". Section 36a-262, as amended by this act.
720	720
721	721	T80
722	722
723	723	"Director". Section 36a-435b.
724	724
725	725	T81
726	726
727	727	"Earning period". Section 36a-316.
728	728
729	729	T82
730	730
731	731	"Electronic payment instrument". Section 36a-596.
732	732
733	733	T83
734	734
735	735	"Eligible collateral". Section 36a-330.
736	736
737	737	T84
738	738
739	739	"Eligible entity". Section 36a-34.
740	740
741	741	T85
742	742
743	743	"Entity". Section 36a-380, as amended by this act.
744	744
745	745	T86
746	746
747	747	"Equity mutual fund". Sections 36a-276 and 36a-459a.
748	748
749	749	T87
750	750
751	751	"Equity security". Sections 36a-276 and 36a-459a.
752	752
753	753	T88
754	754
755	755	"Executive officer". Sections 36a-263 and 36a-469c.
756	756
757	757	T89
758	758
759	759	"Expedited Connecticut bank". Section 36a-70.
760	760
761	761	T90
762	762
763	763	"Federal Credit Union Act". Section 36a-435b.
764	764
765	765	T91
766	766
767	767	"Federal Home Mortgage Disclosure Act". Section 36a-736.
768	768
769	769	T92
770	770
771	771	"FHA loan". Section 36a-760.
772	772
773	773	T93
774	774
775	775	"Fiduciary". Section 36a-365.
776	776
777	777	T94
778	778
779	779	"Filing fee". Section 36a-770.
780	780
781	781	T95
782	782
783	783	"Finance charge". Sections 36a-690 and 36a-770.
784	784
785	785	T96
786	786
787	787	"Financial institution". Sections 36a-41, 36a-44a, 36a-155, 36a-316,
788	788
789	789	T97
790	790
791	791	36a-330, 36a-435b, 36a-736 and 36a-755.
792	792
793	793	T98
794	794
795	795	"Financial records". Section 36a-41.
796	796
797	797	T99
798	798
799	799	"First mortgage loan". Sections 36a-485, 36a-705, 36a-715 and 36a-725.
800	800
801	801	T100
802	802
803	803	"Foreign banking corporation". Section 36a-425.
804	804
805	805	T101
806	806
807	807	"Fully indexed rate". Section 36a-760b.
808	808
809	809	T102
810	810
811	811	"General facility". Section 36a-580.
812	812
813	813	T103
814	814
815	815	"Global net payment entitlement". Section 36a-428n.
816	816
817	817	T104
818	818
819	819	"Global net payment obligation". Section 36a-428n.
820	820
821	821	T105
822	822
823	823	"Goods". Sections 36a-535 and 36a-770.
824	824
825	825	T106
826	826
827	827	"Graduated payment mortgage loan". Section 36a-265.
828	828
829	829	T107
830	830
831	831	"Guardian". Section 36a-365.
832	832
833	833	T108
834	834
835	835	"High cost home loan". Section 36a-746a.
836	836
837	837	T109
838	838
839	839	"Holder". Section 36a-596.
840	840
841	841	T110
842	842
843	843	"Home banking services". Section 36a-170.
844	844
845	845	T111
846	846
847	847	"Home banking terminal". Section 36a-170.
848	848
849	849	T112
850	850
851	851	"Home improvement loan". Section 36a-736.
852	852
853	853	T113
854	854
855	855	"Home purchase loan". Section 36a-736.
856	856
857	857	T114
858	858
859	859	"Home state". Section 36a-410.
860	860
861	861	T115
862	862
863	863	"Immediate family member". Section 36a-435b.
864	864
865	865	T116
866	866
867	867	"Insider". Section 36a-454b.
868	868
869	869	T117
870	870
871	871	"Installment loan contract". Sections 36a-535 and 36a-770.
872	872
873	873	T118
874	874
875	875	"Insurance". Section 36a-455a.
876	876
877	877	T119
878	878
879	879	"Insurance bank". Section 36a-285.
880	880
881	881	T120
882	882
883	883	"Insurance department". Section 36a-285.
884	884
885	885	T121
886	886
887	887	"Interest". Section 36a-316.
888	888
889	889	T122
890	890
891	891	"Interest rate". Section 36a-316.
892	892
893	893	T123
894	894
895	895	"Interim interest". Section 36a-746a.
896	896
897	897	T124
898	898
899	899	"Lender". Sections 36a-746a, 36a-760 and 36a-770.
900	900
901	901	T125
902	902
903	903	"Lessor". Section 36a-676.
904	904
905	905	T126
906	906
907	907	"License". Section 36a-626.
908	908
909	909	T127
910	910
911	911	"Licensee". Sections 36a-596 and 36a-626.
912	912
913	913	T128
914	914
915	915	"Limited branch". Section 36a-145, as amended by this act.
916	916
917	917	T129
918	918
919	919	"Limited facility". Section 36a-580.
920	920
921	921	T130
922	922
923	923	"Loan broker". Section 36a-615.
924	924
925	925	T131
926	926
927	927	"Loss". Section 36a-330.
928	928
929	929	T132
930	930
931	931	"Made in this state". Section 36a-770.
932	932
933	933	T133
934	934
935	935	"Main office". Section 36a-485.
936	936
937	937	T134
938	938
939	939	"Managing agent". Section 36a-365.
940	940
941	941	T135
942	942
943	943	"Manufactured home". Section 36a-457b.
944	944
945	945	T136
946	946
947	947	"Material litigation". Section 36a-596.
948	948
949	949	T137
950	950
951	951	"Member". Section 36a-435b.
952	952
953	953	T138
954	954
955	955	"Member business loan". Section 36a-458a.
956	956
957	957	T139
958	958
959	959	"Member in good standing". Section 36a-435b.
960	960
961	961	T140
962	962
963	963	"Membership share". Section 36a-435b.
964	964
965	965	T141
966	966
967	967	"Mobile branch". Sections 36a-145, as amended by this act,
968	968
969	969	T142
970	970
971	971	and 36a-435b.
972	972
973	973	T143
974	974
975	975	"Money order". Section 36a-596.
976	976
977	977	T144
978	978
979	979	"Money transmission". Section 36a-365.
980	980
981	981	T145
982	982
983	983	"Mortgage". Section 36a-760g.
984	984
985	985	T146
986	986
987	987	"Mortgage broker". Sections 36a-485, 36a-705 and 36a-760.
988	988
989	989	T147
990	990
991	991	"Mortgage correspondent lender". Section 36a-485.
992	992
993	993	T148
994	994
995	995	"Mortgage insurance". Section 36a-725.
996	996
997	997	T149
998	998
999	999	"Mortgage lender". Sections 36a-485, 36a-705 and 36a-725.
1000	1000
1001	1001	T150
1002	1002
1003	1003	"Mortgage loan". Sections 36a-261, as amended by this act, 36a-265,
1004	1004
1005	1005	T151
1006	1006
1007	1007	36a-457b, 36a-485 and 36a-736.
1008	1008
1009	1009	T152
1010	1010
1011	1011	"Mortgage loan originator". Section 36a-485.
1012	1012
1013	1013	T153
1014	1014
1015	1015	"Mortgage rate lock-in". Section 36a-705.
1016	1016
1017	1017	T154
1018	1018
1019	1019	"Mortgage servicing company". Section 36a-715.
1020	1020
1021	1021	T155
1022	1022
1023	1023	"Mortgagor". Section 36a-715.
1024	1024
1025	1025	T156
1026	1026
1027	1027	"Motor vehicle". Section 36a-770.
1028	1028
1029	1029	T157
1030	1030
1031	1031	"Multiple common bond membership". Section 36a-435b.
1032	1032
1033	1033	T158
1034	1034
1035	1035	"Municipality". Section 36a-800.
1036	1036
1037	1037	T159
1038	1038
1039	1039	"Net outstanding member business loan balance". Section 36a-458a.
1040	1040
1041	1041	T160
1042	1042
1043	1043	"Net worth". Sections 36a-441a, 36a-458a and 36a-596.
1044	1044
1045	1045	T161
1046	1046
1047	1047	"Network". Section 36a-155.
1048	1048
1049	1049	T162
1050	1050
1051	1051	"Nonprime home loan". Section 36a-760.
1052	1052
1053	1053	T163
1054	1054
1055	1055	"Nonrefundable". Section 36a-498.
1056	1056
1057	1057	T164
1058	1058
1059	1059	"Note account". Sections 36a-301 and 36a-456b.
1060	1060
1061	1061	T165
1062	1062
1063	1063	"Office". Sections 36a-23, 36a-316 and 36a-485.
1064	1064
1065	1065	T166
1066	1066
1067	1067	"Officer". Section 36a-435b.
1068	1068
1069	1069	T167
1070	1070
1071	1071	"Open-end credit plan". Section 36a-676.
1072	1072
1073	1073	T168
1074	1074
1075	1075	"Open-end line of credit". Section 36a-760.
1076	1076
1077	1077	T169
1078	1078
1079	1079	"Open-end loan". Section 36a-565.
1080	1080
1081	1081	T170
1082	1082
1083	1083	"Organization". Section 36a-800.
1084	1084
1085	1085	T171
1086	1086
1087	1087	"Out-of-state holding company". Section 36a-410.
1088	1088
1089	1089	T172
1090	1090
1091	1091	"Outstanding". Section 36a-596.
1092	1092
1093	1093	T173
1094	1094
1095	1095	"Passbook savings account". Section 36a-316.
1096	1096
1097	1097	T174
1098	1098
1099	1099	"Payment instrument". Section 36a-596.
1100	1100
1101	1101	T175
1102	1102
1103	1103	"Periodic statement". Section 36a-316.
1104	1104
1105	1105	T176
1106	1106
1107	1107	"Permissible investment". Section 36a-596.
1108	1108
1109	1109	T177
1110	1110
1111	1111	"Person". Section 36a-184.
1112	1112
1113	1113	T178
1114	1114
1115	1115	"Post". Section 36a-316.
1116	1116
1117	1117	T179
1118	1118
1119	1119	"Prepaid finance charge". Section 36a-746a.
1120	1120
1121	1121	T180
1122	1122
1123	1123	"Prime quality". Section 36a-596.
1124	1124
1125	1125	T181
1126	1126
1127	1127	"Principal amount of the loan". Section 36a-485.
1128	1128
1129	1129	T182
1130	1130
1131	1131	"Processor". Section 36a-155.
1132	1132
1133	1133	T183
1134	1134
1135	1135	"Public deposit". Section 36a-330.
1136	1136
1137	1137	T184
1138	1138
1139	1139	"Purchaser". Section 36a-596.
1140	1140
1141	1141	T185
1142	1142
1143	1143	"Qualified financial contract". Section 36a-428n.
1144	1144
1145	1145	T186
1146	1146
1147	1147	"Qualified public depository" and "depository". Section 36a-330.
1148	1148
1149	1149	T187
1150	1150
1151	1151	"Real estate". Section 36a-457b.
1152	1152
1153	1153	T188
1154	1154
1155	1155	"Records". Section 36a-17.
1156	1156
1157	1157	T189
1158	1158
1159	1159	"Related person". Section 36a-53.
1160	1160
1161	1161	T190
1162	1162
1163	1163	"Relocate". Sections 36a-145, as amended by this act, and 36a-462a.
1164	1164
1165	1165	T191
1166	1166
1167	1167	"Residential property". Section 36a-485.
1168	1168
1169	1169	T192
1170	1170
1171	1171	"Resulting entity". Section 36a-34.
1172	1172
1173	1173	T193
1174	1174
1175	1175	"Retail buyer". Sections 36a-535 and 36a-770.
1176	1176
1177	1177	T194
1178	1178
1179	1179	"Retail credit transaction". Section 42-100b.
1180	1180
1181	1181	T195
1182	1182
1183	1183	"Retail installment contract". Sections 36a-535 and 36a-770.
1184	1184
1185	1185	T196
1186	1186
1187	1187	"Retail installment sale". Sections 36a-535 and 36a-770.
1188	1188
1189	1189	T197
1190	1190
1191	1191	"Retail seller". Sections 36a-535 and 36a-770.
1192	1192
1193	1193	T198
1194	1194
1195	1195	"Reverse annuity mortgage loan". Section 36a-265.
1196	1196
1197	1197	T199
1198	1198
1199	1199	"Sales finance company". Sections 36a-535 and 36a-770.
1200	1200
1201	1201	T200
1202	1202
1203	1203	"Savings department". Section 36a-285.
1204	1204
1205	1205	T201
1206	1206
1207	1207	"Savings deposit". Section 36a-316.
1208	1208
1209	1209	T202
1210	1210
1211	1211	"Secondary mortgage loan". Section 36a-485.
1212	1212
1213	1213	T203
1214	1214
1215	1215	"Security convertible into a voting security". Section 36a-184.
1216	1216
1217	1217	T204
1218	1218
1219	1219	"Senior management". Section 36a-435b.
1220	1220
1221	1221	T205
1222	1222
1223	1223	"Share". Section 36a-435b.
1224	1224
1225	1225	T206
1226	1226
1227	1227	"Simulated check". Section 36a-485.
1228	1228
1229	1229	T207
1230	1230
1231	1231	"Single common bond membership". Section 36a-435b.
1232	1232
1233	1233	T208
1234	1234
1235	1235	"Special mortgage". Section 36a-760c.
1236	1236
1237	1237	T209
1238	1238
1239	1239	"Social purpose investment". Section 36a-277.
1240	1240
1241	1241	T210
1242	1242
1243	1243	"Standard mortgage loan". Section 36a-265.
1244	1244
1245	1245	T211
1246	1246
1247	1247	"Table funding agreement". Section 36a-485.
1248	1248
1249	1249	T212
1250	1250
1251	1251	"Tax and loan account". Sections 36a-301 and 36a-456b.
1252	1252
1253	1253	T213
1254	1254
1255	1255	"The Savings Bank Life Insurance Company". Section 36a-285.
1256	1256
1257	1257	T214
1258	1258
1259	1259	"Time account". Section 36a-316.
1260	1260
1261	1261	T215
1262	1262
1263	1263	"Travelers check". Section 36a-596.
1264	1264
1265	1265	T216
1266	1266
1267	1267	"Troubled Connecticut credit union". Section 36a-448a.
1268	1268
1269	1269	T217
1270	1270
1271	1271	"Unsecured loan". Section 36a-615.
1272	1272
1273	1273	T218
1274	1274
1275	1275	"Warehouse agreement". Section 36a-485.
1276	1276
1277	1277	Sec. 3. Subdivision (1) of subsection (d) of section 36a-65 of the 2012 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
1278	1278
1279	1279	(d) (1) The fee for investigating and processing each application is as follows:
1280	1280
1281	1281	(A) Establishment of (i) a branch under subdivision (1) of subsection (b) of section 36a-145, two thousand dollars; (ii) a mobile branch under subdivision (1) of subsection (d) of section 36a-145, one thousand five hundred dollars; (iii) a limited branch under subdivision (1) of subsection (c) of section 36a-145, one thousand five hundred dollars; (iv) a special need limited branch under subdivision (4) of subsection (c) of section 36a-145, five hundred dollars; (v) an out-of-state branch under subsection (j) of section 36a-145, a reasonable fee not to exceed two thousand dollars from which any fees paid to a state other than this state or to a foreign country in connection with the establishment shall be deducted; and (vi) an out-of-state limited branch or mobile branch under subsection (j) of section 36a-145, a reasonable fee not to exceed one thousand five hundred dollars from which any fees paid to a state other than this state or to a foreign country in connection with the establishment shall be deducted.
1282	1282
1283	1283	(B) Sale of (i) a branch under subsection (i) of section 36a-145, two thousand dollars, except there shall be no fee for the sale of a branch of a Connecticut bank to another Connecticut bank or to a Connecticut credit union; and (ii) a limited branch, including a special need limited branch or mobile branch under subsection (i) of section 36a-145, a fee not to exceed one thousand five hundred dollars.
1284	1284
1285	1285	(C) Relocation of (i) a main office of a Connecticut bank under subsection (a) of section 36a-81, two thousand dollars; and (ii) a branch or a limited branch under subsections (g) and (k) of section 36a-145, five hundred dollars.
1286	1286
1287	1287	(D) Conversions from (i) a branch to a limited branch under subdivision (3) of subsection (c) of section 36a-145; and (ii) a limited branch to a branch under subdivision (3) of subsection (b) of section 36a-145, five hundred dollars.
1288	1288
1289	1289	(E) Merger or consolidation involving a Connecticut bank under section 36a-125 or subsection (a) of section 36a-126, two thousand five hundred dollars if two institutions are involved and five thousand dollars if three or more institutions are involved.
1290	1290
1291	1291	(F) Acquisition of assets or business under section 36a-210, two thousand five hundred dollars.
1292	1292
1293	1293	(G) Organization of a holding company under section 36a-181, two thousand five hundred dollars.
1294	1294
1295	1295	(H) Organization of any Connecticut bank under section 36a-70, including the conditional preliminary approval for an expedited bank, fifteen thousand dollars, except no fee shall be required for the organization of an interim Connecticut bank.
1296	1296
1297	1297	(I) Reorganization of a mutual savings bank or mutual savings and loan association into a mutual holding company under section 36a-192, five thousand dollars.
1298	1298
1299	1299	(J) Conversions under (i) sections 36a-135 to 36a-138, inclusive, five thousand dollars; (ii) sections 36a-139, 36a-139a and 36a-469c, two thousand five hundred dollars; and (iii) section 36a-139b, fifteen thousand dollars.
1300	1300
1301	1301	(K) Acquiring, altering or improving real estate for present or future use in the business of the bank or purchasing real estate adjoining any parcel of real estate owned by the bank under subdivision (33) of subsection (a) of section 36a-250, five hundred dollars, except that no fee shall be charged for such application if it is filed in connection with an application to relocate a main office of a Connecticut bank under subsection (a) of section 36a-81 or establish (i) a branch in this state under subdivision (1) of subsection (b) of section 36a-145, (ii) a limited branch in this state under subdivision (1) of subsection (c) of section 36a-145, or (iii) a branch or limited branch outside of this state under subsection (j) of section 36a-145.
1302	1302
1303	1303	(L) Investigation and processing an interstate banking transaction application filed under section 36a-411 or 36a-412, as amended by this act, two thousand five hundred dollars, unless the transaction otherwise requires an investigation and processing fee under this section.
1304	1304
1305	1305	(M) Issuance of a final certificate of authority for an expedited Connecticut bank, fifteen thousand dollars.
1306	1306
1307	1307	(N) Establishment of a loan production office under subsection (o) of section 36a-145, as amended by this act, or subsection (d) of section 36a-412, as amended by this act, one thousand dollars.
1308	1308
1309	1309	Sec. 4. Subsection (a) of section 36a-145 of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
1310	1310
1311	1311	(a) As used in this section:
1312	1312
1313	1313	(1) "Branch" means any office at a fixed location of a Connecticut bank, other than the main office, at which deposits are received, checks paid and money lent and which, at a minimum, is open for banking business Monday through Friday, except as provided in subsection (a) of section 36a-23.
1314	1314
1315	1315	(2) "Commercial activities" means activities in which a bank holding company, as defined in 12 USC 1841(a)(1), a financial holding company, as defined in 12 USC 1841(p), a national banking association established under 12 USC 21, or a financial subsidiary of a national bank established under 12 USC 24a, may not engage under federal law.
1316	1316
1317	1317	(3) "Consolidate" means to combine within the same neighborhood, without substantially affecting the nature of the business or customers served, (A) two or more branches into a single branch; (B) one or more branches and one or more limited branches into a single branch or limited branch; (C) two or more limited branches into a single limited branch; or (D) one or more branches or limited branches into a main office.
1318	1318
1319	1319	(4) "Limited branch" means any office at a fixed location of a Connecticut bank at which banking business is conducted other than the main office, branch, [or] mobile branch or loan production office.
1320	1320
1321	1321	(5) "Mobile branch" means any office of a Connecticut bank at which banking business is conducted which is in fact moved or transported to one or more predetermined locations in accordance with a predetermined schedule.
1322	1322
1323	1323	(6) "Relocate" means to move within the same immediate neighborhood without substantially affecting the nature of the business or customers served.
1324	1324
1325	1325	Sec. 5. Section 36a-145 of the general statutes is amended by adding subsection (o) as follows (Effective from passage):
1326	1326
1327	1327	(NEW) (o) With the approval of the commissioner, a Connecticut bank may establish a loan production office in this state.
1328	1328
1329	1329	Sec. 6. Subsection (f) of section 36a-261 of the 2012 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
1330	1330
1331	1331	(f) Notwithstanding the provisions of subdivision (2) of subsection (h) of this section, the Connecticut bank, in its discretion and for such a period as it deems advisable, may excuse the borrower on a mortgage loan from amortization of the principal of such loan, provided the governing board of the Connecticut bank, or a management committee or board committee appropriately designated by such governing board, has reviewed the particular mortgage loan and has determined such action to be prudent under the circumstances.
1332	1332
1333	1333	Sec. 7. Subsection (a) of section 36a-262 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
1334	1334
1335	1335	(a) Except as otherwise provided in this section, the total direct or indirect liabilities of any one obligor that are not fully secured, however incurred, to any Connecticut bank, exclusive of such bank's investment in the investment securities of such obligor, shall not exceed at the time incurred fifteen per cent of the equity capital and reserves for loan and lease losses of such bank. The total direct or indirect liabilities of any one obligor that are fully secured, however incurred, to any Connecticut bank, exclusive of such bank's investment in the investment securities of such obligor, shall not exceed at the time incurred ten per cent of the equity capital and reserves for loan and lease losses of such bank, provided this limitation shall be separate from and in addition to the limitation on liabilities that are not fully secured. Notwithstanding any provision of this subsection, the limitation on the liabilities of any one obligor shall take into account the credit exposure to such obligor arising from a derivative transaction. The commissioner shall have the authority to establish the method for determining the credit exposure and the extent to which the credit exposure shall be taken into account. As used in this subsection, "derivative transaction" includes any transaction that is a contract, agreement, swap, warrant, note or option that is based, in whole or in part, on the value of any interest in, or any quantitative measure or the occurrence of any event leading to, one or more commodities, securities, currencies, interest or other rates, indices or other assets. The commissioner may adopt regulations in accordance with the provisions of chapter 54 establishing the method for determining credit exposure to derivative transactions and the extent to which the credit exposure shall be taken into account. For purposes of this section, a liability shall be considered to be fully secured if it is secured by readily marketable collateral having a market value, as determined by reliable and continuously available price quotations, at least equal to the amount of the liability. For purposes of determining the limitations of this section, in computing the liabilities of an obligor, a liability is incurred at the time of the closing of the transaction, unless such closing is preceded by a legally binding written commitment to enter into the transaction, in which case such liability is incurred at the time of commitment and is net of any liabilities of the obligor to such bank that will be paid with the proceeds of the commitment at the time of closing. The limitations provided for in this subsection may be exceeded for a period of time not to exceed six hours if at the closing of any transaction at which such obligor incurs such liabilities to a Connecticut bank in excess of such limitations, such bank immediately assigns or participates out to one or more other persons an amount that constitutes not less than the excess over the applicable limitation. Obligations as endorser or guarantor of negotiable or nonnegotiable installment consumer paper which carry an agreement to repurchase on default, unless the bank's sole recourse is to an agreed reserve held by it, in which case the liability shall be excluded, a full recourse endorsement or an unconditional guarantee by the person, partnership, association or corporation transferring the same, shall be subject under this section to a limitation of fifteen per cent of the bank's equity capital and reserves for loan and lease losses in addition to the applicable limitations of this section with respect to the makers of such obligations; provided, upon certification by an officer of the bank designated for that purpose by the governing board that the responsibility of each maker of such obligations has been evaluated and the bank is relying primarily upon each such maker for the payment of such obligations, the limitations of this section as to the obligations of each maker shall be the sole applicable loan limitation; and provided such certification shall be in writing and shall be retained as part of the records of such bank.
1336	1336
1337	1337	Sec. 8. Section 36a-380 of the 2012 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
1338	1338
1339	1339	(a) Except as provided in this section, no [corporation] entity, other than a bank or out-of-state bank that maintains in this state a branch as defined in section 36a-410, shall have or exercise in this state the power to receive, by grant, assignment, transfer, devise, bequest or otherwise, any money, securities or other personal property, or any interest in real estate from any person [or corporation] in trust, to hold, manage or dispose of the same for the benefit of any third person, [or corporation,] or to accept or execute any such trust, unless such [corporation] entity is specifically empowered so to act by a general statute of this state or by a special act of the General Assembly. Any [corporation] entity so empowered to act as trustee, other than such bank or out-of-state bank, shall, before so acting, obtain a license from the commissioner as provided in subsection (b) of this section.
1340	1340
1341	1341	(b) (1) Application for such license shall be in writing upon forms to be furnished by the commissioner and shall contain the full name and address of the applicant [corporation] entity and of each of its principals and officers and a statement of the assets and liabilities of such [corporation] entity in such form as the commissioner requires. If, upon examination of such application and upon any further investigation that the commissioner deems necessary, the commissioner is satisfied that such [corporation] entity is solvent and conducting its business according to law, the commissioner may issue to such [corporation] entity a license to receive property in trust and to execute and administer trusts to the extent and in the manner authorized by the charter, certificate of incorporation, partnership agreement, articles of association, articles of organization or similar document, as applicable, of such [corporation] entity or by any general or special law of this state, but not otherwise. If it appears to the commissioner that any such applicant [corporation] entity is insolvent, or that its business is being conducted contrary to law or to the provisions of its charter, certificate of incorporation, partnership agreement, articles of association, articles of organization or similar document, as applicable, the commissioner shall refuse to issue such license.
1342	1342
1343	1343	(2) In connection with an application for such license and at any other time, the commissioner may, in accordance with section 29-17a, arrange for a criminal history records check requiring the fingerprinting of each principal [, executive officer and director of the corporation] and officer of the entity or conducting of any other method of positive identification of such individuals required by the State Police Bureau of Identification.
1344	1344
1345	1345	(c) As used in sections 36a-380 to 36a-386, inclusive, as amended by this act, "entity" means corporation, joint stock company, association, partnership, limited partnership, unincorporated organization, limited liability company or similar organization, but does not include any corporation of which the majority of the shares are owned by the United States or by any state.
1346	1346
1347	1347	Sec. 9. Section 36a-381 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
1348	1348
1349	1349	The provisions of sections 36a-380 to 36a-386, inclusive, as amended by this act, shall not apply to the administration of: (1) Any trust for cemetery purposes by an incorporated cemetery association; (2) any charitable, religious or educational trust by [a corporation] an entity organized for charitable, religious or educational purposes; (3) any trust by a life insurance company of the proceeds of its insurance policies; (4) any trust by [a corporation] an entity without compensation and not as a part of its regular business; (5) any trust in real or personal property the trustee of which is a corporation acting pursuant to the provisions of section 45a-206; (6) any trust the trustee of which is [a corporation] acting as trustee under mortgage pursuant to the provisions of section 36a-395; or (7) any trust the trustee of which is [a corporation] an out-of-state trust company acting pursuant to section 36a-434a.
1350	1350
1351	1351	Sec. 10. Section 36a-382 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
1352	1352
1353	1353	The commissioner shall annually or more often examine each [corporation] entity licensed under sections 36a-380 to 36a-386, inclusive, as amended by this act, and special acts 93-12, 93-19 and 93-20, any provision in the charter of any such [corporation] entity to the contrary notwithstanding, and shall require that such [corporation] entity file an annual report in such form as the commissioner may prescribe and such other reports as the commissioner may require. Each such licensed [corporation] entity shall pay the cost of such examination as determined by the commissioner and shall, in addition, pay to the commissioner an annual license fee of one hundred dollars. Such license fee shall be payable [on] not later than the thirtieth day of June in each year and the fee for licenses granted upon any other date shall be prorated to the thirtieth day of June next following the issuance thereof, provided no fee for the unexpired portion of any license year shall be less than twenty dollars.
1354	1354
1355	1355	Sec. 11. Section 36a-383 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
1356	1356
1357	1357	If it at any time appears to the commissioner that any [corporation] entity so licensed has failed to comply with a cease and desist order issued by the commissioner or is insolvent or likely to become insolvent, the commissioner may revoke such license in accordance with section 36a-51 and apply to the superior court for the judicial district of Hartford or the judicial district in which such [corporation] entity is located for an injunction restraining such [corporation] entity from continuing to receive property in trust and restraining it from administering any and all trusts including such as may be then in force and effect, and for an order appointing some suitable person to succeed such [corporation] entity as trustee of any trust property then in its possession or in or to which it has any right, title, interest or claim, or for any other or further order as appears to the court as necessary or advisable to protect and secure the interests of the beneficiaries of any such trust property. The court, after reasonable notice to such [corporation] entity and hearing thereon, may issue such injunction or other order or grant such other equitable relief as the facts may warrant and, pending such hearing, the court may issue such temporary injunction or restraining order as the court deems equitable.
1358	1358
1359	1359	Sec. 12. Section 36a-384 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
1360	1360
1361	1361	The securities and investments of each trust committed to any such [corporation] entity so licensed shall be set apart and segregated and shall not be mingled with the securities and investments of any other trust or of the [corporation] entity. Any undistributed or temporarily uninvested cash held by such [corporation] entity as trustee shall be deposited in the name of the trust or in the name of the [corporation] entity as trustee in a bank, provided, when any such undistributed or uninvested cash is deposited in the name of the [corporation] entity as trustee, such deposits shall be so identified on the books of the [corporation] entity as to disclose the beneficial ownership thereof.
1362	1362
1363	1363	Sec. 13. Section 36a-385 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2012):
1364	1364
1365	1365	No such [corporation] entity so licensed shall use, either as a part of its name, or as a prefix or suffix thereto, or as a designation of the business carried on by it, the word "bank", "banking", "banker", "bankers", "trust" or "savings", notwithstanding any provision of the charter, certificate of incorporation, partnership agreement, articles of association, articles of organization or similar document, as applicable, of any such [corporation to the contrary] entity.
1366	1366
1367	1367	Sec. 14. Subdivision (2) of subsection (a) of section 36a-412 of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
1368	1368
1369	1369	(2) Any out-of-state bank, other than a foreign bank, may, with the approval of the commissioner, and in accordance with the provisions of this subdivision, establish a de novo branch in this state. [Such establishment shall not take place unless the laws of the home state of such out-of-state bank authorize, under conditions no more restrictive than those imposed by the laws of this state, as determined by the commissioner, a bank to establish a de novo branch in the home state of such out-of-state bank, provided the commissioner may waive such reciprocity requirement for the establishment of a de novo branch the activities of which are limited to the exercise of fiduciary or trust powers if the commissioner finds that such establishment will result in net new benefits to this state. Any request for such waiver of reciprocity submitted by an out-of-state bank shall include a detailed statement of the reasons for the request and statistical and other information to support a finding of such net new benefits.] Any such establishment shall be effected in accordance with and subject to the filing requirements and any limitations imposed by section 36a-145, as amended by this act. Any such out-of-state bank that engages in business in this state shall comply with the requirements of section 33-920 or subsection (a) of section 33-1210. Before approving any such establishment, the commissioner shall make such considerations, determinations and findings as required by section 36a-145, as amended by this act, and, in addition, shall consider whether such establishment can reasonably be expected to produce benefits to the public and whether such benefits clearly outweigh possible adverse effects, including, but not limited to, an undue concentration of resources and decreased or unfair competition. The commissioner shall not approve such establishment unless the commissioner considers whether: (A) The investment and lending policies of the out-of-state bank are consistent with safe and sound banking practices and will benefit the economy of this state; (B) the proposed services of the branch are consistent with safe and sound banking practices and will benefit the economy of this state; (C) the establishment will not substantially lessen competition in this state; (D) the out-of-state bank is adequately managed and will continue to be adequately managed upon establishment of such branch; and (E) the out-of-state bank is in compliance with applicable minimum capital requirements. The commissioner shall not approve such establishment unless the commissioner makes the findings required by section 36a-34. An out-of-state bank which has established a de novo branch in this state in accordance with this subdivision may establish additional branches in this state. [, provided the activities of such additional branches of an out-of-state bank for which the commissioner waived such reciprocity requirement shall be limited to the exercise of fiduciary or trust powers. As used in this subdivision, "net new benefits" means (i) initial capital investments, including any new construction, (ii) job creation plans, including, but not limited to, the number of jobs to be created and the average wage rates for each category of such jobs, (iii) the potential for increasing state and municipal tax revenues from increased economic activity and increased employment, (iv) consumer and business services and other benefits to the state, local community and citizens, and (v) such other matters as the commissioner may deem necessary or advisable.]
1370	1370
1371	1371	Sec. 15. Section 36a-412 of the general statutes is amended by adding subsection (d) as follows (Effective from passage):
1372	1372
1373	1373	(NEW) (d) With the approval of the commissioner, any out-of-state bank, other than a foreign bank, may establish a loan production office in this state.
1374	1374
1375	1375	Sec. 16. Subdivision (1) of subsection (i) of section 47a-21 of the 2012 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
1376	1376
1377	1377	(i) (1) On and after July 1, 1993, each landlord other than a landlord of a residential unit in any building owned or controlled by any educational institution and used by such institution for the purpose of housing students of such institution and their families, and each landlord or owner of a mobile manufactured home or of a mobile manufactured home space or lot or park, as such terms are defined in subdivisions (1), (2) and (3) of section 21-64, shall pay interest on each security deposit received by [him] such landlord or owner at a rate of not less than the average rate paid, as of December 30, 1992, on savings deposits by insured commercial banks as published in the Federal Reserve Board Bulletin rounded to the nearest one-tenth of one percentage point, except in no event shall the rate be less than one and one-half per cent. On and after January 1, [2012] 1994, the rate for each calendar year shall be not less than the deposit index, as defined in subdivision (2) of this subsection, for that year, except in no event shall the rate be less than one and one-half per cent. On and after January 1, 2012, the rate for each calendar year shall be not less than the deposit index, as defined in subdivision (2) of this subsection, for that year. On the anniversary date of the tenancy and annually thereafter, such interest shall be paid to the tenant or resident or credited toward the next rental payment due from the tenant or resident, as the landlord or owner shall determine. If the tenancy is terminated before the anniversary date of such tenancy, or if the landlord or owner returns all or part of a security deposit prior to termination of the tenancy, the landlord or owner shall pay the accrued interest to the tenant or resident not later than thirty days after such termination or return. In any case where a tenant or resident has been delinquent for more than ten days in the payment of any monthly rent, such resident or tenant shall forfeit any interest that would otherwise be payable to such resident or tenant for that month, except that there shall be no such forfeiture if, pursuant to a provision of the rental agreement, a late charge is imposed for failure to pay such rent within the time period provided by section 47a-15a. No landlord or owner shall increase the rent due on any quarters or property subject to the provisions of this section because of the requirement that interest be paid on any security deposit made with respect to such quarters or property.
1378	1378
1379	1379
1380	1380
1381	1381
1382	1382	This act shall take effect as follows and shall amend the following sections:
1383	1383	Section 1 from passage 36a-2
1384	1384	Sec. 2 October 1, 2012 36a-3
1385	1385	Sec. 3 from passage 36a-65(d)(1)
1386	1386	Sec. 4 from passage 36a-145(a)
1387	1387	Sec. 5 from passage 36a-145
1388	1388	Sec. 6 from passage 36a-261(f)
1389	1389	Sec. 7 October 1, 2012 36a-262(a)
1390	1390	Sec. 8 October 1, 2012 36a-380
1391	1391	Sec. 9 October 1, 2012 36a-381
1392	1392	Sec. 10 October 1, 2012 36a-382
1393	1393	Sec. 11 October 1, 2012 36a-383
1394	1394	Sec. 12 October 1, 2012 36a-384
1395	1395	Sec. 13 October 1, 2012 36a-385
1396	1396	Sec. 14 from passage 36a-412(a)(2)
1397	1397	Sec. 15 from passage 36a-412
1398	1398	Sec. 16 from passage 47a-21(i)(1)
1399	1399
1400	1400	This act shall take effect as follows and shall amend the following sections:
1401	1401
1402	1402	Section 1
1403	1403
1404	1404	from passage
1405	1405
1406	1406	36a-2
1407	1407
1408	1408	Sec. 2
1409	1409
1410	1410	October 1, 2012
1411	1411
1412	1412	36a-3
1413	1413
1414	1414	Sec. 3
1415	1415
1416	1416	from passage
1417	1417
1418	1418	36a-65(d)(1)
1419	1419
1420	1420	Sec. 4
1421	1421
1422	1422	from passage
1423	1423
1424	1424	36a-145(a)
1425	1425
1426	1426	Sec. 5
1427	1427
1428	1428	from passage
1429	1429
1430	1430	36a-145
1431	1431
1432	1432	Sec. 6
1433	1433
1434	1434	from passage
1435	1435
1436	1436	36a-261(f)
1437	1437
1438	1438	Sec. 7
1439	1439
1440	1440	October 1, 2012
1441	1441
1442	1442	36a-262(a)
1443	1443
1444	1444	Sec. 8
1445	1445
1446	1446	October 1, 2012
1447	1447
1448	1448	36a-380
1449	1449
1450	1450	Sec. 9
1451	1451
1452	1452	October 1, 2012
1453	1453
1454	1454	36a-381
1455	1455
1456	1456	Sec. 10
1457	1457
1458	1458	October 1, 2012
1459	1459
1460	1460	36a-382
1461	1461
1462	1462	Sec. 11
1463	1463
1464	1464	October 1, 2012
1465	1465
1466	1466	36a-383
1467	1467
1468	1468	Sec. 12
1469	1469
1470	1470	October 1, 2012
1471	1471
1472	1472	36a-384
1473	1473
1474	1474	Sec. 13
1475	1475
1476	1476	October 1, 2012
1477	1477
1478	1478	36a-385
1479	1479
1480	1480	Sec. 14
1481	1481
1482	1482	from passage
1483	1483
1484	1484	36a-412(a)(2)
1485	1485
1486	1486	Sec. 15
1487	1487
1488	1488	from passage
1489	1489
1490	1490	36a-412
1491	1491
1492	1492	Sec. 16
1493	1493
1494	1494	from passage
1495	1495
1496	1496	47a-21(i)(1)
1497	1497
1498	1498	Statement of Purpose:
1499	1499
1500	1500	To distinguish a loan production office from a branch and establish a streamlined approval process for such office; to expand the general prohibition on a corporation acting as a trustee to other types of entities; to require the review and approval of the governing board when a Connecticut bank excuses a borrower on amortization of interest on a mortgage loan; to conform the provisions on legal lending limits and de novo branching to the Dodd-Frank Wall Street Reform and Consumer Protection Act; and to make technical changes to the provisions concerning interest on security deposits.
1501	1501
1502	1502	[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.]