The Department of Banking News Bulletin
Bulletin # 3010 - Week Ending October 29, 2021
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 in writing to Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800. Written comments will be considered only if they are received within ten business days from the date of this bulletin.
Interstate Loan Production Office
On October 29, 2021, Berkshire Bank, a Massachusetts-chartered trust company, filed an application pursuant to Section 36a-412(d) of the Connecticut General Statutes, seeking approval to establish a loan production office at 470 James Street in New Haven, Connecticut.
CREDIT UNION ACTIVITY
DATE: October 28, 2021
BANK: Mutual Security Credit Union, Shelton
LOCATION: 15 Durant Avenue (Eaton Corporation), Bethel, CT 06801
ACTIVITY-BRANCH TYPE: Filed Notice of Branch Closing as of December 1, 2021
Field of Membership Amendment
On October 28, 2021, Trumbull Credit Union, Trumbull, Connecticut, a Connecticut credit union, filed a request for approval to amend its bylaws pursuant to Section 36a-437a(h)(3) of the Connecticut General Statutes to change its field of membership from a single common bond membership to a multiple common bond membership.
CONSUMER CREDIT DIVISION ACTIVITY
Order Establishing Requirements and Procedures for Use of the Electronic Bonds on the System
On October 28, 2021, the Commissioner issued an Order Establishing Requirements and Procedures for Use of the Electronic Bonds on the System pursuant to the authority set forth in Section 36a-24b(b) of the Connecticut General Statutes. This Order applies to the following license types: money transmitters, consumer collection agencies, mortgage lenders, mortgage correspondent lenders, mortgage brokers, exempt registrants, mortgage servicers and debt adjusters. This Order does not apply to debt negotiators of unsecured debt and secured debt, and exempt mortgage servicers. This Order requires the use of electronic bonds effective November 1, 2021, or such later date when the Nationwide Multistate Licensing System and Registry makes the electronic surety bond functionality available in Connecticut. Existing licensees and registrants shall transition to the electronic bond format no later than March 1, 2022.
Jorge L. Perez