An Act Concerning Requirements Applicable To Notary Publics, The Issuance Of Trade Name Certificates And Improved Public Access To Business Records Filed With The Secretary Of The State.
Impact
If enacted, HB 5491 will transform how notaries operate by introducing a more structured application process, which includes background checks related to an applicant's criminal history. Additionally, the bill mandates updates to be made in a timely manner, particularly when there are changes to a notary's residence or name, ensuring that all information remains current and accessible. The enhancements in technology for managing trade name applications could potentially streamline the process, benefiting both applicants and the public seeking access to this information.
Summary
House Bill 5491 proposes significant changes to the requirements applicable to notary publics, the issuance of trade name certificates, and public access to business records filed with the Secretary of the State. This bill aims to revise existing statutory provisions by establishing a clearer and more efficient process for notaries and businesses operating under trade names. Under the proposed legislation, town clerks will be empowered to issue trade name certificates and will keep a record of such applications to enhance public access to business information.
Contention
While the bill appears to modernize existing laws regarding notaries and businesses, some concerns may arise regarding the balance between regulatory oversight and the ease of access for small business owners. Critics could argue that the increased scrutiny and the formalities associated with the issuance of trade name certificates may create additional burdens, particularly for small businesses or entrepreneurs who may find the new regulations challenging to navigate. The changes may also evoke discussions around the efficiency of public record access and whether the enhancements truly serve to benefit consumers and businesses alike.
An Act Concerning Consumer Credit, Certain Bank Real Estate Improvements, The Connecticut Uniform Securities Act, Shared Appreciation Agreements, Innovation Banks, The Community Bank And Community Credit Union Program And Technical Revisions To The Banking Statutes.
A bill for an act relating to documents filed with the secretary of state by business entities, including by authorizing the secretary of state to refuse to file documents or remove information from documents.