Regulatory Alerts2012-12-07
Added · Updated
Bulletin 2546 REVISED - December 7, 2012
The deposit index for calendar year 2013 is set at 0.11%, establishing this rate for rental security deposits, claims for property delivered to the State Treasurer, and mortgage escrow accounts from January 1 through December 31, 2013. The interest rate for public service company, certified telecommunications provider, and electric supplier customer security deposits remains at a minimum of 1.5%. The bulletin also lists the opening of a Naugatuck Savings Bank branch in Wallingford and details enforcement actions against several mortgage and debt negotiation entities for licensing violations, failure to file reports, and excessive fees.
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