Connecticut Administrative Code
Title 36a - The Banking Law of Connecticut
145 - Community Reinvestment Act Compliance, Consumer Protection Law Compliance and Community Reinvestment Plan Requirements for Certain Transaction Applications
Section 36a-145-1 - Submissions concerning community reinvestment act compliance and consumer protection law compliance required in connection with applications for the establishment by Connecticut banks of branches, limited branches or mobile branches outside of this state
Universal Citation: CT Reg of State Agencies 36a-145-1
Current through September 9, 2024
(a) As used in this section:
(1) "Branch", "limited branch" and
"mobile branch" shall have the same meaning as set forth in subsection (a) of
section
36a-145
of the Connecticut General Statutes;
(2) "Federal CRA" shall have the same meaning
as set forth in subsection (a) of section
36a-30
of the Connecticut General Statutes;
(3) "State CRA" means sections
36a-30
to
36a-33,
inclusive, of the Connecticut General Statutes; and
(4) Terms that are defined in section
36a-2
of the Connecticut General Statutes shall have the same meaning as set forth in
section
36a-2
unless the context otherwise requires.
(b) In connection with any application filed by a Connecticut bank to establish a branch, limited branch or mobile branch outside of this state pursuant to subsection (i) of section 36a-145 of the Connecticut General Statutes, the Connecticut bank shall submit to the commissioner the following information, except as waived by the commissioner:
(1) A copy of the Connecticut bank's most
recent Federal CRA performance evaluation, including the composite Federal CRA
rating;
(2) Copies of any decision
or order issued during the last two years by any federal financial supervisory
agency concerning the Connecticut bank's compliance with Federal CRA;
(3) An opinion of counsel addressing the
Connecticut bank's record of compliance with applicable consumer protection
laws during the last two years, if requested by the commissioner in any case
where the commissioner is unable to determine such record of compliance based
on state or federal reports of examination prepared within the last two years
and other documentation filed by the Connecticut bank, or is not satisfied with
the contents of such reports and documentation; and
(4) Copies of any administrative or judicial
decision or order concerning the Connecticut bank's compliance with applicable
consumer protection laws.
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