Connecticut § 36a-636b Duties of licensees.

Connecticut Statutes

§ 36a-636b — Duties of licensees.

Connecticut·Title 36a The Banking Law of Connecticut·Ch. 668 Nondepository Financial Institutions

(a)Each licensee shall use its best efforts to provide financing in conjunction with, and fulfill the expectations of, the federal financing guarantee programs in which the licensee participates.

(b)Each licensee shall transact its business in a safe and sound manner and shall maintain itself in a safe and sound condition. No licensee or the directors or officers of such licensee, if such licensee is a corporation, shall commit any unsafe or unsound act.

(c)Each licensee shall comply with all applicable state and federal laws and regulations.

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(a) Each licensee shall use its best efforts to provide financing in conjunction with, and fulfill the expectations of, the federal financing guarantee programs in which the licensee participates. (b) Each licensee shall transact its business in a safe and sound manner and shall maintain itself in a safe and sound condition. No licensee or the directors or officers of such licensee, if such licensee is a corporation, shall commit any unsafe or unsound act. (c) Each licensee shall comply with all applicable state and federal laws and regulations.

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