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·Title 36a The Banking Law of Connecticut·Ch. 669 Regulated Activities

(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 .

Connecticut § 36a-741 ((Formerly Sec. 36-451). Cease and desist order. Enforcement action.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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.