Regulatory Alerts2018-12-07
Added · Updated
Bulletin 2859 - December 7, 2018
The Commissioner sets the 2019 deposit index at 0.15%, establishing minimum interest rates for rental security deposits, state claims, mortgage escrow accounts, and public service customer deposits. Eastern Connecticut Savings Bank is authorized to establish a loan production office in Guilford, and Mutual Security Credit Union is approved to relocate its branch in Norwalk. The Commissioner issued a Notice of Intent to Revoke the mortgage lender license of 1st Alliance Lending, LLC, and to impose a civil penalty due to violations including unlicensed mortgage loan origination and failure to cooperate with examinations.
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