Bulletin 3227 - December 26, 2025

State of Connecticut
Department of Banking

The Department of Banking News Bulletin

Bulletin # 3227 - Week Ending December 26, 2025

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 directed to Jorge L. Perez, Banking Commissioner. Written comments will be considered only if they are received within ten business days from the date of this bulletin.

BANK ACTIVITY

On December 22, 2025, pursuant to Connecticut General Statutes Section 36a-145(f).
Ascend Bank
, headquartered in Guilford CT, filed notice of the intention to permanently close the full-service branch located at 494 Old Toll Road, Madison, CT effective March 30, 2026.

CONSUMER CREDIT DIVISION ACTIVITY

No-Action Regarding Use of Form Version 7 to File First Quarter 2026 MCR

The Conference of State Bank Supervisors has advised that mortgage licensees and registrants will be required to use Form Version 7 to file quarterly mortgage call reports (“MCRs”) on the Nationwide Multistate Licensing System and Registry (“NMLS”) starting with the first quarter of 2026 which is due on May 15, 2026. The mortgage industry has raised concerns about compliance with the requirements of the new Form Version 7 and has asked that licensees and registrants be allowed to correct any errors that may occur in the first quarter 2026 MCR filing, due to the new form, without penalty after the May 15 due date. In response to those concerns, pursuant to Section 36a-1-8 of the Regulations of Connecticut State Agencies, the Banking Commissioner (“Commissioner”) hereby issues a no-action position concerning potential enforcement for the failure of a mortgage licensee or registrant to submit accurate reports of condition using Form Version 7 for the first quarter of 2026, as required pursuant to Sections 36a-534b(c) and 36a-719(f) of the Connecticut General Statutes. Absent any further action by the Commissioner, this no-action will expire on August 15, 2026. Therefore, any errors contained in the first quarter 2026 MCR filing must be corrected with an amendment to the filing no later than August 15, 2026, to comply with the requirements of NMLS and Sections 36a-534b(c) and 36a-719(f) of the Connecticut General Statutes.

Dated: Tuesday, December 30, 2025

Jorge L. Perez
Banking Commissioner