Connecticut § 36a-741 (Formerly Sec. 36-451). Cease and desist order. Enforcement action.

Connecticut Statutes

§ 36a-741 — (Formerly Sec. 36-451). Cease and desist order. Enforcement action.

Connecticut § 36a-741

Title 36aThe Banking Law of Connecticut

Ch. 669Regulated Activities

This text of Connecticut § 36a-741 ((Formerly Sec. 36-451). Cease and desist order. Enforcement action.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 36a-741 (2026).

Text

(a)If the commissioner finds that a financial institution is violating the provisions of sections 36a-735 to 36a-744, inclusive, the commissioner shall order the institution to cease and desist from such practices in accordance with section 36a-52.

(b)Whenever it appears to the commissioner that any financial institution has violated, is violating or is about to violate any provision of sections 36a-735 to 36a-744 , inclusive, or any regulation adopted under said sections, the commissioner may take action against such financial institution in accordance with section 36a-50 .

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(a) If the commissioner finds that a financial institution is violating the provisions of sections 36a-735 to 36a-744, inclusive, the commissioner shall order the institution to cease and desist from such practices in accordance with section 36a-52. (b) Whenever it appears to the commissioner that any financial institution has violated, is violating or is about to violate any provision of sections 36a-735 to 36a-744 , inclusive, or any regulation adopted under said sections, the commissioner may take action against such financial institution in accordance with section 36a-50 .

Legislative History

(P.A. 77-153, S. 9; P.A. 94-122, S. 319, 340.) History: P.A. 94-122 deleted the provision making financial institutions which violate cease and desist orders subject to a $5,000 fine, added a reference to the commissioner's cease and desist authority under Sec. 36a-52, and added Subsec. (b) re the commissioner's enforcement authority under Sec. 36a-50, effective January 1, 1995; Sec. 36-451 transferred to Sec. 36a-741 in 1995.