Bulletin # 3085 - Week Ending April 7, 2023

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.

BANK ACTIVITY

Section 36a-145 of the Connecticut General Statutes requires that certain applications for a branch or limited branch at which loans will be made address how the establishment of the branch will be consistent with safe and sound banking practices and promote the public convenience and advantage. Plans may be submitted when such applications are filed and any plans that are filed will be made available for public inspection and comment at the Department for a period of 30 days. Questions concerning branch activity should be directed to the Financial Institutions Division at (860) 240-8180.

DATE: April 3, 2023
BANK: Bank of England, England, AR
LOCATION: 1224 Main Street, Branford, CT 06405
ACTIVITY-BRANCH TYPE: Approved to Establish Loan Production Office
PROPOSED OPENING DATE: April 2023

CONSUMER CREDIT DIVISION ACTIVITY

 
Consent Order

On March 30, 2023, the Commissioner entered into a Consent Order with IMPAC MORTGAGE CORP. (NMLS # 128231) (“Impac”), Newport Beach, California. The Commissioner alleged that Impac failed to file with the Nationwide Multistate Licensing System and Registry a change of the address of its main office at least thirty (30) calendar days prior to such change and failed to provide a bond rider or endorsement, or addendum, as applicable, to the surety bond on file with the Commissioner, in violation of Section 36a-490(b)(2) of the Connecticut General Statutes. As part of the Consent Order, Impac paid $500 as a civil penalty.

Consent Order

On March 30, 2023, the Commissioner entered into a Consent Order with EQUITY MORTGAGE, INC. d/b/a EQUITY LENDING (NMLS # 243756) (“Equity Mortgage”), Mayfield Village, Ohio. The Commissioner alleged that Equity Mortgage failed to file with the Nationwide Multistate Licensing System and Registry a change of the address of its main office at least thirty (30) calendar days prior to such change and failed to provide a bond rider or endorsement, or addendum, as applicable, to the surety bond on file with the Commissioner, in violation of Section 36a-490(b)(2) of the Connecticut General Statutes. As part of the Consent Order, Equity Mortgage paid $500 as a civil penalty.