reglab/housing_qa huggingface dataset:
CT Gen Stat § 36a-604. (Formerly Sec. 36-540) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-604. (Formerly Sec. 36-540) - Net worth requirements.

 (a) Each licensee which issues or sells payment instruments in this state which are checks, drafts or money orders shall at all times have a tangible net worth of at least one hundred thousand dollars.(b) Each licensee which issues or sells payment instruments in this state which are travelers checks or electronic payment instruments shall at all times have a tangible net worth of at least one million dollars.(c) Each licensee that engages in the business of money transmission in this state, except by issuing or selling stored value or payment instruments, shall at all times have a tangible net worth of at least five hundred thousand dollars. Each licensee that issues or sells stored value in this state shall at all times have a tangible net worth of at least one million dollars or a higher amount as determined by the commissioner, in accordance with generally accepted accounting principles.(P.A. 81-264, S. 11; P.A. 98-192, S. 7; P.A. 01-56, S. 11; P.A. 04-14, S. 9; P.A. 05-74, S. 3; P.A. 07-72, S. 7; P.A. 13-253, S. 10.)History: Sec. 36-540 transferred to Sec. 36a-604 in 1995; P.A. 98-192 amended Subsec. (b) by adding reference to electronic payment instruments and added new Subsec. (c) re net worth requirements for licensees that engage in the business of receiving money for transmitting the same; P.A. 01-56 amended Subsecs. (a) and (b) by changing “Connecticut instruments” to “Connecticut payment instruments” and amended Subsec. (c) by rewording language re money transmission; P.A. 04-14 amended Subsec. (c) to insert exception re issuing stored value and provision requiring each licensee that engages in business of money transmission by issuing stored value to have at all times a net worth of at least $500,000 or a higher amount as determined by the commissioner, effective April 16, 2004; P.A. 05-74 amended Subsec. (c) to make a technical change, effective June 2, 2005; P.A. 07-72 made a technical change in Subsec. (c); P.A. 13-253 amended Subsec. (a) to delete “Connecticut” and add “or sells”, “in this state”, “checks, drafts or” and “tangible”, amended Subsec. (b) to delete “Connecticut” and add “or sells”, “in this state” and “tangible” and amended Subsec. (c) to add “in this state”, “or selling”, “or payment instruments” and “tangible”, change “engages in the business of money transmission by issuing” to “issues or sells” and change “five hundred thousand dollars” to “one million dollars”.
CT Gen Stat § 36a-605. (Formerly Sec. 36-541) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-605. (Formerly Sec. 36-541) - Examination of licensees.

 In connection with the examination of a licensee under section 36a-17, the commissioner may also examine the authorized delegates of such licensee.(P.A. 81-264, S. 12; P.A. 87-9, S. 2, 3; P.A. 94-122, S. 281, 340; P.A. 01-56, S. 12; P.A. 04-14, S. 10; P.A. 08-176, S. 78; P.A. 09-208, S. 18; P.A. 13-253, S. 11; P.A. 18-173, S. 56.)History: (Revisor's note: Pursuant to P.A. 87-9 “banking department” was changed editorially by the Revisors to “department of banking”); P.A. 94-122 deleted language allowing authorized employees of the commissioner to examine a licensee's books and records, language allowing employees of a licensee to be examined by the commissioner and language requiring a licensee to pay the cost of such examination, effective January 1, 1995; Sec. 36-541 transferred to Sec. 36a-605 in 1995; P.A. 01-56 deleted existing provisions re commissioner's examination of licensee, added new Subsec. (a) re examination under Sec. 36a-17 or acceptance of a report in lieu thereof and added new Subsec. (b) permitting the commissioner to enter into cooperative, coordinating and information-sharing agreements; P.A. 04-14 amended Subsec. (b) to provide that agreement may include provisions re assessment or sharing of fees for examination or supervision; P.A. 08-176 deleted former Subsec. (b) re information sharing agreements and made a technical change, effective July 1, 2008; P.A. 09-208 removed reference to subagents of licensee; P.A. 13-253 changed “agents” to “authorized delegates” and added references to Secs. 36a-611 and 36a-612; P.A. 18-173 deleted provisions re commissioner's authority to accept certain reports as official examination report.
CT Gen Stat § 36a-606a (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-606a - Federal reporting requirements. Anti-money-laundering program.

 (a) Each licensee shall comply with the applicable provisions of the Currency and Foreign Transactions Reporting Act, 31 USC Section 5311 et seq., as from time to time amended, and any regulations adopted under such provisions, as from time to time amended and, upon request, shall provide proof of such compliance to the commissioner. In addition to any other remedies provided by law, a violation of such federal law or regulation shall be deemed a violation of this section and a basis upon which the commissioner may take enforcement action pursuant to section 36a-608.(b) Each licensee shall establish an anti-money-laundering program, which shall include, but need not be limited to, (1) internal policies, procedures and controls, (2) a designated compliance officer, (3) an ongoing employee training program, and (4) an independent audit function to test the effectiveness of such anti-money-laundering program.(P.A. 98-192, S. 8; P.A. 99-36, S. 32; P.A. 13-253, S. 13; P.A. 17-236, S. 13.)History: P.A. 99-36 made a technical change; P.A. 13-253 added provisions re proof of compliance to be sent to commissioner upon request and re enforcement action by commissioner; P.A. 17-236 designated existing provisions re compliance with Currency and Foreign Transactions Reporting Act as Subsec. (a) and added Subsec. (b) reestablishment of anti-money-laundering program.
CT Gen Stat § 36a-610. (Formerly Sec. 36-546) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-610. (Formerly Sec. 36-546) - Regulations.

 The commissioner may adopt regulations, in accordance with chapter 54, which are necessary or appropriate for the administration of sections 36a-595 to 36a-609, inclusive, and sections 36a-611 and 36a-612.(P.A. 81-264, S. 17; P.A. 01-56, S. 17; P.A. 13-253, S. 17.)History: Sec. 36-546 transferred to Sec. 36a-610 in 1995; P.A. 01-56 changed “enforcement” to “administration” and made technical changes; P.A. 13-253 added references to Secs. 36a-611 and 36a-612.
CT Gen Stat § 36a-612 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-612 - Notification of change in list of authorized delegates or locations.

 A licensee shall notify the commissioner on the system not later than fifteen days after the date of any change in the list of the licensee's authorized delegates or locations where the licensee or the licensee's authorized delegates engage in the business of money transmission in this state. Such notice shall state the name and address of each location and authorized delegate removed or added to the licensee's list.(P.A. 13-253, S. 19; P.A. 18-173, S. 61.)History: P.A. 18-173 deleted reference to Sec. 36a-596, replaced provision re notification to commissioner in writing with provision re notification to commissioner on the system, and made a technical change.
CT Gen Stat § 36a-615. (Formerly Sec. 36-577) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-615. (Formerly Sec. 36-577) - Definitions.

 As used in sections 36a-615 to 36a-620, inclusive, unless the context otherwise requires:(1) “Advance fee” means any consideration paid or given, directly or indirectly, to a loan broker prior to the distribution of the proceeds of an unsecured loan to any person.(2) “Loan broker” means any person who: (A) For or in expectation of a fee (i) arranges, negotiates, places, solicits or finds an unsecured loan; (ii) assists or advises a person in obtaining an unsecured loan; or (iii) offers or attempts to engage in the activities described in subparagraph (i) or (ii) of this subdivision; (B) acts for or on behalf of a loan broker; (C) holds himself out to the public generally as a person engaging in the activities described in subdivision (A) of this subsection. A principal, officer, director, partner, joint venturer, manager or other person with similar supervisory or managerial responsibility for persons engaging in the activities described in subdivisions (A) to (C), inclusive, of this subsection shall be deemed to be a loan broker. “Loan broker” shall not include any bank, out-of-state bank, Connecticut credit union, federal credit union, out-of-state credit union, small loan licensee, nondepository mortgage lender, mortgage correspondent lender or mortgage broker, sales finance company, securities broker-dealer or investment adviser, investment company as defined in the Investment Company Act of 1940, as amended from time to time, forwarder of money, trustee under a mortgage or deed of trust of real property, corporation exercising fiduciary powers, money order and travelers check licensee, check cashing licensee, real estate broker or agent, attorney, Federal Housing Authority or United States Department of Veterans Affairs approved lender, or insurance company; provided any such person or entity so excluded is licensed by and subject to the regulation and supervision of the appropriate regulatory agency of the United States or this state or any other state and is acting within the scope of the license.(3) “Unsecured loan” means any loan of money or extension of credit that is not secured by a security interest, as defined in Regulation Z, 12 CFR Section 1026.2(a)(25), as from time to time amended.(P.A. 92-67, S. 1, 9; P.A. 94-122, S. 285, 340; P.A. 08-176, S. 74; P.A. 15-235, S. 40; P.A. 18-72. S. 35.)History: P.A. 94-122 deleted definition of “commissioner” in Subdiv. (2), renumbered the remaining Subdivs. and made technical changes, effective January 1, 1995; Sec. 36-577 transferred to Sec. 36a-615 in 1995; P.A. 08-176 amended Subdiv. (2) to add reference to “mortgage correspondent lender” and make conforming and technical changes, effective July 1, 2008; P.A. 15-235 amended Subdiv. (3) to change “226.2(a)(25)” to “1026.2(a)(25)”, effective August 1, 2015; P.A. 18-72 amended Subdiv. (2) to replace “Veterans' Administration” with “United States Department of Veterans Affairs”.
CT Gen Stat § 36a-616. (Formerly Sec. 36-578) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-616. (Formerly Sec. 36-578) - Advance fees imposed by loan brokers prohibited.

 No loan broker may assess, collect, charge, impose or cause to be paid, directly or indirectly, an advance fee as an incident to, condition of or in connection with providing the services of a loan broker.(P.A. 92-67, S. 2, 9.)History: Sec. 36-578 transferred to Sec. 36a-616 in 1995.
CT Gen Stat § 36a-617. (Formerly Sec. 36-580) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-617. (Formerly Sec. 36-580) - Penalties for violations.

 Any loan broker who knowingly violates any provision of sections 36a-615 to 36a-620, inclusive, or any regulation or order adopted or issued under said sections, shall be fined not more than one thousand dollars or imprisoned not more than one year, or both, for each violation. Each loan of money or extension of credit in which an advance fee was charged, imposed or caused to be paid shall constitute a separate violation.(P.A. 92-67, S. 4, 9; P.A. 94-122, S. 286, 340.)History: P.A. 94-122 made technical changes, effective January 1, 1995; Sec. 36-580 transferred to Sec. 36a-617 in 1995.
CT Gen Stat § 36a-618. (Formerly Sec. 36-581) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-618. (Formerly Sec. 36-581) - Remedies.

 Any loan broker who violates any provision of sections 36a-615 to 36a-620, inclusive, with respect to any person shall be liable to such person for actual damages, a reasonable attorney's fee, court costs and such punitive damages as may be awarded by the Superior Court. In addition to such remedies, such person shall have a right of rescission of any contract such person may have with the loan broker.(P.A. 92-67, S. 5, 9.)History: Sec. 36-581 transferred to Sec. 36a-618 in 1995.
CT Gen Stat § 36a-619. (Formerly Sec. 36-582) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-619. (Formerly Sec. 36-582) - Remedies provided by sections 36a-615 to 36a-620, inclusive, not exclusive.

 The remedies provided by sections 36a-615 to 36a-620, inclusive, are in addition to any other remedies provided by state or federal law.(P.A. 92-67, S. 6, 9.)History: Sec. 36-582 transferred to Sec. 36a-619 in 1995.
CT Gen Stat § 36a-620. (Formerly Sec. 36-583) (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-620. (Formerly Sec. 36-583) - Regulations.

 The commissioner may adopt regulations, in accordance with the provisions of chapter 54, as may be necessary to carry out the provisions of sections 36a-615 to 36a-620, inclusive.(P.A. 92-67, S. 7, 9.)History: Sec. 36-583 transferred to Sec. 36a-620 in 1995.
CT Gen Stat § 36a-625 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-625 - Short title: Connecticut Business and Industrial Development Corporation Act.

 Sections 36a-625 to 36a-634, inclusive, shall be known and may be cited as the “Connecticut Business and Industrial Development Corporation Act”.(P.A. 93-382, S. 56, 69; P.A. 94-122, S. 287, 340.)History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 made a technical change, effective January 1, 1995.
CT Gen Stat § 36a-626 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-626 - Definitions.

 As used in sections 36a-625 to 36a-634, inclusive, unless the context otherwise requires:(1) “Business and industrial development corporation” means a person approved or seeking approval by the federal Small Business Administration as a participating lender under its loan guarantee programs, which applies to the commissioner for a license in accordance with sections 36a-625 to 36a-634, inclusive.(2) “License” means a license issued under sections 36a-625 to 36a-634, inclusive, authorizing a person to transact business as a business and industrial development corporation.(3) “Licensee” means a person that is licensed under sections 36a-625 to 36a-634, inclusive.(P.A. 93-382, S. 57, 69; P.A. 94-122, S. 288, 340.)History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 deleted definitions of “commissioner” and “person” and made technical changes, effective January 1, 1995.
CT Gen Stat § 36a-627 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-627 - License required. Exemptions.

 (a) No person shall engage in the business of a business and industrial development corporation as a participating lender under the loan guarantee programs of the federal Small Business Administration in this state without having received a license under sections 36a-625 to 36a-634, inclusive.(b) Notwithstanding subsection (a) of this section, the following shall be exempt from the provisions of sections 36a-625 to 36a-634, inclusive: (1) Any person licensed by the federal Small Business Administration as a small business investment company or a small business lending company; (2) any bank, out-of-state bank, Connecticut credit union, federal credit union or out-of-state credit union; or (3) any person that is not approved or is not seeking approval by the federal Small Business Administration as a participating lender under one or more of its loan guarantee programs.(P.A. 93-382, S. 58, 69; P.A. 94-122, S. 289, 340.)History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 made technical changes, effective January 1, 1995.
CT Gen Stat § 36a-628 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-628 - Application. Fee. Examination. Criminal history records check.

 (a) An application for a license shall be in writing upon forms to be furnished by the commissioner and shall contain the full name and address of the applicant and, if the applicant is a corporation, each of the officers and directors thereof, and a statement of the assets and liabilities of the applicant in such form as the commissioner requires. Such application shall be accompanied by a copy of the applicant's business plan and such other information and exhibits as the commissioner shall require.(b) Upon the filing of the required application and license fee, the commissioner shall investigate the facts and may issue a license if the commissioner finds that:(1) The applicant has a net worth which is not less than two million five hundred thousand dollars and which is adequate for the applicant to transact business as a business and industrial development corporation;(2) If the applicant is a corporation, the directors and officers of the applicant are each of good character, each competent to perform their functions with respect to the applicant and collectively adequate to manage the business of the applicant as a business and industrial development corporation;(3) It is reasonable to believe that the applicant, if licensed, will comply with all applicable provisions of sections 36a-625 to 36a-634, inclusive, and of any regulation adopted pursuant to said sections; and(4) The licensing of the applicant will promote the public convenience and advantage.(c) 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 business and industrial development corporation or for conducting any other method of positive identification of such individuals required by the State Police Bureau of Identification.(P.A. 93-382, S. 59, 69; P.A. 94-122, S. 290, 340; P.A. 11-50, S. 14; P.A. 12-96, S. 3.)History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 made technical changes, effective January 1, 1995; P.A. 11-50 added Subsec. (c) authorizing commissioner to arrange for criminal history records check of each principal, executive officer and director, effective July 1, 2011; P.A. 12-96 amended Subsec. (c) to make a technical change, effective June 8, 2012.
CT Gen Stat § 36a-629 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-629 - Safe and sound business practice required.

 (a) Each licensee shall transact its business in a safe and sound manner and shall maintain itself in a safe and sound condition.(b) No licensee or the directors or officers of such licensee, if such licensee is a corporation, shall commit any unsafe or unsound act.(P.A. 93-382, S. 60, 69; P.A. 94-122, S. 291, 340.)History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 inserted “if such licensee is a corporation” in Subsec. (b), effective January 1, 1995.
CT Gen Stat § 36a-630 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-630 - Licensees to provide financing and management assistance to small businesses.

 Each licensee shall use its best efforts to provide financing assistance to small business firms in cooperation with the federal Small Business Administration pursuant to Section 7(a) of the Small Business Act of 1953 (15 USC Section 631 et seq.), as from time to time amended, and otherwise to cooperate with the federal Small Business Administration for the purpose of providing financing assistance and management assistance to business firms.(P.A. 93-382, S. 61, 69.)History: P.A. 93-382 effective July 1, 1993.
CT Gen Stat § 36a-631 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-631 - Books and records. Annual financial reports.

 (a) Each licensee shall make and keep such books, accounts and other records in such form and in such manner as the commissioner may by regulation or order require. All records so required shall be kept at such place and shall be preserved for such time as the commissioner may by regulation or order specify.(b) Each licensee shall, not more than ninety days after the close of each of its fiscal years or within such longer period as the commissioner may by regulation specify, file with the commissioner an annual report containing:(1) A financial statement, including balance sheet, statement of income or loss, statement of changes in capital accounts and statement of changes in financial position, for or as of the end of such fiscal year, prepared with an audit by an independent certified public accountant in accordance with generally accepted accounting principles;(2) A report, certificate or opinion of such independent certified public accountant, stating that such financial statements were prepared in accordance with generally accepted accounting principles;(3) A report as to (A) the number and aggregate dollar amount of loans made by such licensee during such fiscal year; (B) the geographic distribution, by census tract, of the borrowers that received such loans; (C) the percentage of such loans that were made in the principal amount of fifty thousand dollars or less; (D) the percentage of such loans that were made to minority or women-owned businesses; (E) the dollar amount of the licensee's loan portfolio as of the end of such fiscal year; (F) the percentage amount of the licensee's loan portfolio that represents loans for which scheduled loan payments were more than ninety days past due as of the end of such fiscal year; (G) the number and dollar amount of loans in liquidation as of the end of such fiscal year; and (H) a summary of the licensee's policies and performance with regard to management assistance provided to small business firms during such fiscal year; and(4) Such other information as the commissioner may require.(P.A. 93-382, S. 62, 69.)History: P.A. 93-382 effective July 1, 1993 (Revisor's note: In Subsec. (b)(3)(D) the reference to “woman-owned businesses” was changed editorially by the Revisors to “women-owned businesses” for consistency with other statutory references).
CT Gen Stat § 36a-632 (2020)
2020 Connecticut General Statutes|Title 36a - The Banking Law of Connecticut|Chapter 668 - Nondepository Financial Institutions|Section 36a-632 - Jurisdiction of Banking Commissioner.

 Each licensee shall be an institution subject to the jurisdiction of the commissioner for purposes of sections 36a-17 and 36a-53.(P.A. 93-382, S. 64, 69; P.A. 94-122, S. 292, 340.)History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 made a technical change, effective January 1, 1995.