This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. Written comments will be considered only if they are received within ten days from the date of this bulletin.
STATE BANK ACTIVITY
Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days. Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.
486 Silas Deane Highway
Wethersfield, CT 06109
Torrington Savings Bank
518 Main Street
New Hartford, CT 06057
CONSUMER CREDIT DIVISION ACTIVITY
On July 19, 2011, the Commissioner entered into a Consent Order with Anilom Mortgage Corporation (“Anilom Mortgage”). The Consent Order was based on an examination by the Consumer Credit Division. As a result of such examination, the Commissioner alleged that Anilom Mortgage employed or retained, during the period of April 26 through October 31, 2008, two (2) individuals as originators or mortgage loan originators without first registering them, or without such individuals being licensed, in violation of Sections 36a-486(b) and 36a-511(b) of the then applicable Connecticut General Statutes. As part of the Consent Order, Anilom Mortgage was ordered to pay $2,000 as a civil penalty.
On July 27, 2011, the Commissioner entered into a Consent Order with Security Debt Services Inc d/b/a Financial Security Inc. (“Security Debt Services”). The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that from at least April 1, 2010 through February 2, 2011, Security Debt Services was engaged in unlicensed debt negotiation activity in Connecticut, in violation of Section 36a-671(b) of the Connecticut General Statutes. As part of the Consent Order, Security Debt Services was ordered to pay $3,000 as a civil penalty.
Temporary Order to Cease and Desist, Order of Summary Suspension,
Notice of Intent to Revoke Debt Negotiator License, Notice of Intent to Issue
Order to Cease and Desist and Notice of Intent to Impose Civil Penalty
On July 20, 2011, the Commissioner issued a Temporary Order to Cease and Desist, Order of Summary Suspension, Notice of Intent to Revoke Debt Negotiator License, Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (“Notice”) in the Matter of: Champion Credit Services, LLC (“Respondent”). The Notice alleges that Respondent failed to provide records requested by the Commissioner during an attempted examination of Respondent, in violation of Section 36a-17(d) of the Connecticut General Statutes. The Commissioner also found that public welfare required the issuance of a Temporary Order to Cease and Desist and that public safety and welfare required the issuance of an Order of Summary Suspension of Respondent’s license to engage or offer to engage in debt negotiation in Connecticut. Respondent was afforded an opportunity to request a hearing with regard to the allegation set forth in the Notice.
Dated: Tuesday, August 30, 2011