State of Connecticut Department of Banking

The Department of Banking News Bulletin 

Bulletin # 2967 - Week Ending January 1, 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.

 

COMMISSIONER EXTENDS NO ACTION POSITION

On December 17, 2020, the Commissioner extended his no action position to March 31, 2021. The no action position was originally issued on March 9, 2020 and was previously extended to December 31, 2020. The no action position advised the mortgage industry, and other financial services sectors licensed by the Department, that it would take a no action position with regard to employees working from home who otherwise would be required to work from a licensed branch location.

 
STATE CREDIT UNION ACTIVITY
Main Office Activity

DATE: December 30, 2020 
CREDIT UNION: American Eagle Financial Credit Union, East Hartford 
LOCATION: FROM: 417 Main Street, East Hartford, CT 06118 
TO: 361 Main Street, East Hartford, East Hartford, CT 06118
ACTIVITY-BRANCH TYPE: Approved to Relocate Main Office 

CONSUMER CREDIT DIVISION ACTIVITY
Consent Order and Order Terminating Automatic Suspension

On December 9, 2020, the Commissioner entered into a Consent Order and Order Terminating Automatic Suspension with Grander Mortgage Capital, LLC (NMLS # 1065200) (“GMC”), Atlanta, Georgia. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that GMC failed to designate a qualified individual who meets the requirements set forth in Section 36a-719 of the Connecticut General Statutes not later than 30 days after a vacancy in the position, in violation of Section 36a-719a(d) of the Connecticut General Statutes. As part of the Consent Order, GMC paid $500 as a civil penalty. 
 
 

      Dated:  Tuesday, January 5, 2021

      Jorge L. Perez
      Banking Commissioner