DOB: Connecticut Banking Laws and Regulations

Banking, Securities and Related Laws

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Connecticut General Statutes

The Banking Commissionerís primary jurisdiction and authority is contained in Title 36a of the Connecticut General Statutes, "The Banking Law of Connecticut", and Title 36b of the Connecticut General Statutes, "Connecticut Securities Law and Business Opportunity Investment Act".  The Connecticut General Assembly compiles the statutes and public acts, which are available online at www.cga.ct.gov.

Connecticut General Statutes

Title 36a, The Banking Law of Connecticut

Title 36b, Connecticut Securities Law and Business Opportunity Investment Act

Title 47a, Landlord and Tenant
   The Commissioner has jurisdiction of subsections (b), (d), (h) and (i) of Section 47a-21.


2015 Public Acts of Interest:

P.A. 15-42
An Act Regulating the Towing of Motor Vehicles, the Use of Wheel-Locking Devices and the Repossession by Lending Institutions of Motor Vehicles.
See also Sections 236 and 237 of P.A. 15-5 of the June Special Session, An Act Implementing Provisions of the State Budget for the Biennium Ending June 30, 2017 Concerning General Government, Education, Health and Human Services and Bonds of the State.
 
P.A. 15-53
An Act Concerning Mortgage Correspondent Lenders, the Small Loan Act, Virtual Currencies and Security Freezes on Consumer Credit Reports.
 
P.A. 15-62
An Act Concerning Security Freezes on Children's Credit Reports.
 
P.A. 15-142
An Act Improving Data Security and Agency Effectiveness.
 
P.A. 15-162
An Act Concerning a Student Loan Bill of Rights.
 
P.A. 15-235 An Act Concerning Revisions to Various Banking Statutes.


Official copies of the General Statutes of Connecticut, available either as individual volumes or a 16-volume set, may be purchased from the Secretary of the State's Office.

 
 

 
Regulations of Connecticut State Agencies
 

The regulation compilations linked here have been prepared by the Department of Banking. They are not intended to be a substitute for the official Regulations of Connecticut State Agencies, published and printed by the Commission on Official Legal Publications, and should not be relied upon as such. The compilations are intended to provide industry and its representatives with the regulations adopted by the Banking Commissioner.
 
The Secretary of the State, through the eRegulations System, presents an unofficial electronic version of the complete Regulations of Connecticut State Agencies.
 
Please note, however, that Public Act 14-187 repealed various regulations that may not be reflected on the eRegulations System.  Effective June 11, 2014, the following Department of Banking regulations were repealed in Public Act 14-187:

Maximum Deposit Liability, Collateral and Reports by Qualified Public Depositories
Sec. 36a-332-1.  Definitions
Sec. 36a-332-2.  Requirements for qualification as qualified public depository
Sec. 36a-332-3.  Other terms and conditions
Sec. 36a-332-4.  Requirements for financial institutions to serve as trustee for segregated eligible collateral
Sec. 36a-332-5.  Requirements for the transfer of eligible collateral
Sec. 36a-332-6.  Valuation of eligible collateral
Sec. 36a-332-7.  Reports to commissioner
Sec. 36a-332-8.  Total capital

Protection of Public Deposits
Sec. 36a-333-1.  Risk-based capital ratio
Sec. 36a-333-2.  Public deposits held by the depository

Supervision and Examination of Out-of-State Banks
Sec. 36a-412-1.  Authority, scope, purpose
Sec. 36a-412-2.  Definition
Sec. 36a-412-3.  Supervision, examination and reports

Share Accounts with an Agreed Maturity in Connecticut Credit Unions
Sec. 36a-446-1.  Definitions
Sec. 36a-446-2.  Term shares and term share accounts
Sec. 36a-446-3.  Term share account agreements
Sec. 36a-446-4.  Term share account procedures
Sec. 36a-446-5.  Share insurance

Risk Assets of Connecticut Credit Unions
Sec. 36a-458-1.  Risk assets defined

An official copy of the Regulations of Connecticut State Agencies may be purchased from the Commission on Official Legal Publications.