Bulletin 2782 - June 16, 2017

State of Connecticut
Department of Banking

The Department of Banking News Bulletin

Bulletin # 2782 -
Week Ending June 16, 2017

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 Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800. Written comments will be considered only if they are received within ten days from the date of this bulletin.

STATE BANK ACTIVITY

Interstate Loan Production Office – Address Correction

Bulletin 2777, for the week ending May 12, 2017, listed a loan production office application for UBS Bank USA , a Utah-chartered industrial bank, as 8 Wright Street, Waterbury. The correct address is 8 Wright Street, Westport.

CONSUMER CREDIT DIVISION ACTIVITY

Notice of Intent to Issue Order to Cease and Desist and Notice of Intent to Impose Civil Penalty

On June 8, 2017, the Commissioner issued a 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:
United Guaranty Commercial Insurance Company of North Carolina

(“Respondent”), Raleigh, North Carolina. The Notice was the result of an investigation by the Consumer Credit Division. The Commissioner alleges that Respondent acted as a consumer collection agency without a consumer collection agency license in this state, in violation of Section 36a-801(a) of the Connecticut General Statutes. Respondent was afforded an opportunity to request a hearing with regard to the allegation set forth in the Notice.

Dated: Wednesday, June 21, 2017

Jorge L. Perez
Banking Commissioner