Regulatory Alerts2023-12-08
Added · Updated
Bulletin 3120 - December 8, 2023
The Commissioner sets the 2024 deposit index at 0.55%, establishing interest rates for rental security deposits, state-held funds, and mortgage escrow accounts effective January 1, 2024. Rocky Mountain Capital Management LLC is ordered to cease and desist from unlicensed consumer collection and small loan activities and is assessed a $100,000 civil penalty. Animo Mortgage Company LLC has its Connecticut mortgage lender license revoked for failing to maintain a required surety bond. Oliphant Financial, LLC entered a consent order to pay $11,200 for operating as an unlicensed consumer collection agency.
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