Connecticut General Statutes
Chapter 664a - Administration and Enforcement
Section 36a-51. - Suspension, revocation or refusal to renew license. Hearings. Surrender or expiration of license. Withdrawal of license application. Exceptions.

(a) The commissioner may suspend, revoke or refuse to renew any license issued by the commissioner under any provision of the general statutes by sending a notice to the licensee by registered or certified mail, return receipt requested, or by any express delivery carrier that provides a dated delivery receipt, or by personal delivery, as defined in section 4-166, in accordance with section 36a-52a. The notice shall be deemed received by the licensee on the earlier of the date of actual receipt or seven days after mailing or sending, and in the case of a notice sent by electronic mail, the notice shall be deemed received by the licensee in accordance with section 36a-52a. Any such notice shall include: (1) A statement of the time, place, and nature of the hearing; (2) a statement of the legal authority and jurisdiction under which the hearing is to be held; (3) a reference to the particular sections of the general statutes, regulations, rules or orders involved; (4) a short and plain statement of the matters asserted; and (5) a statement indicating that the licensee may file a written request for a hearing on the matters asserted within fourteen days of receipt of the notice. If the commissioner finds that public health, safety or welfare imperatively requires emergency action, and incorporates a finding to that effect in the notice, the commissioner may order summary suspension of a license in accordance with subsection (c) of section 4-182 and require the licensee to take or refrain from taking such action as in the opinion of the commissioner will effectuate the purposes of this section, pending proceedings for suspension, revocation or refusal to renew.

(b) If a hearing is requested within the time specified in the notice, the commissioner shall hold a hearing upon the matters asserted in the notice unless the licensee fails to appear at the hearing. After the hearing, the commissioner shall suspend, revoke or refuse to renew the license for any reason set forth in the applicable licensing provisions of the general statutes if the commissioner finds sufficient grounds exist for such suspension, revocation or refusal to renew. If the licensee does not request a hearing within the time specified in the notice or fails to appear at the hearing, the commissioner shall suspend, revoke or refuse to renew the license. No such license shall be suspended or revoked except in accordance with the provisions of chapter 54.
(c) (1) Any licensee may surrender any license issued by the commissioner under any provision of the general statutes by surrendering the license to the commissioner in person or by registered or certified mail, provided, in the case of a license issued through the system, as defined in section 36a-2, such surrender shall be initiated by filing a request to surrender on the system. No surrender on the system shall be effective until the request to surrender is accepted by the commissioner. Surrender of a license shall not affect the licensee's civil or criminal liability, or affect the commissioner's ability to impose an administrative penalty on the licensee pursuant to section 36a-50 for acts committed prior to the surrender. If, prior to receiving the license, or, in the case of a license issued through the system prior to the filing of a request to surrender a license, the commissioner has instituted a proceeding to suspend, revoke or refuse to renew such license, such surrender or request to surrender will not become effective except at such time and under such conditions as the commissioner by order determines. If no proceeding is pending or has been instituted by the commissioner at the time of surrender, or, in the case of a license issued through the system, at the time a request to surrender is filed, the commissioner may still institute a proceeding to suspend, revoke or refuse to renew a license under subsection (a) of this section up to the date one year after the date of receipt of the license by the commissioner, or, in the case of a license issued through the system, up to the date one year after the date of the acceptance by the commissioner of a request to surrender a license.
(2) If any license issued on the system expires due to the licensee's failure to renew such license, the commissioner may institute a revocation or suspension proceeding, or issue an order revoking or suspending the license, under applicable authorities not later than one year after the date of such expiration.
(3) Withdrawal of an application for a license filed on the system shall become effective upon receipt by the commissioner of a notice of intent to withdraw such application. The commissioner may deny a license up to the date one year after the effective date of withdrawal.
(d) The provisions of this section shall not apply to chapters 672a, 672b and 672c.
(P.A. 94-122, S. 27, 340; P.A. 01-48, S. 9; P.A. 07-91, S. 13; P.A. 09-208, S. 1; P.A. 11-216, S. 3; P.A. 14-89, S. 32; P.A. 17-233, S. 4; P.A. 18-173, S. 4.)
History: P.A. 94-122 effective January 1, 1995; P.A. 01-48 amended Subsec. (a) by adding provision re express delivery; P.A. 07-91 amended Subsec. (a) to allow commissioner to order summary suspension of a license and require licensee to take or refrain from taking such action as will effectuate purposes of section pending proceedings for suspension, revocation or refusal to renew if commissioner finds that public health, safety or welfare imperatively requires emergency action and incorporates such finding in the notice, effective June 5, 2007; P.A. 09-208 amended Subsec. (c) by requiring surrender of license in person or by registered or certified mail, instead of by filing notice with commissioner, and by providing that commissioner may institute a proceeding to suspend, revoke or refuse to renew a license up to 1 year after receipt of surrendered license by commissioner; P.A. 11-216 amended Subsec. (c) to require surrender of licenses issued pursuant to part I of Ch. 668 to be initiated by filing a request to surrender on the system and make conforming changes, effective July 13, 2011; P.A. 14-89 amended Subsec. (c) to replace references to licenses issued pursuant to part I of Ch. 668 and licenses surrendered under Sec. 36a-490 with references to licenses issued or surrendered through the system and to add provision re acceptance of request to surrender by commissioner, effective June 3, 2014; P.A. 17-233 amended Subsec. (a) by adding provisions re commissioner may provide notice by personal delivery and notice sent by electronic mail deemed received in accordance with Sec. 36a-52a; P.A. 18-173 amended Subsec. (c) by designating existing provisions re surrender of license as Subdiv. (1) and adding Subdivs. (2) and (3) re license expiration due to failure to renew and withdrawal of an application for license, respectively.

Structure Connecticut General Statutes

Connecticut General Statutes

Title 36a - The Banking Law of Connecticut

Chapter 664a - Administration and Enforcement

Section 36a-10. - General regulation-making authority.

Section 36a-11. (Formerly Sec. 36-10). - Appointment and restrictions.

Section 36a-12. (Formerly Sec. 36-11). - Employees. Restrictions.

Section 36a-13. (Formerly Sec. 36-12b). - Commissioner to submit estimates of expenditures.

Section 36a-14. (Formerly Sec. 36-13). - Reports to Governor and banks committee.

Section 36a-14a. - Quarterly report of revenue collected by department.

Section 36a-15. (Formerly Sec. 36-14). - Report of violations of law.

Section 36a-16. (Formerly Sec. 36-63). - Reports to commissioner; penalties.

Section 36a-17. - Investigations and examinations. Electronic data processing servicers. Subpoenas. Powers of commissioner. Production of records.

Section 36a-18. (Formerly Sec. 36-9f). - Information re stock ownership or subscription.

Section 36a-19. (Formerly Sec. 36-17). - Accounting forms.

Section 36a-20. (Formerly Sec. 36-19). - Appraisal of real estate.

Section 36a-21. (Formerly Sec. 36-16). - Information to be confidential. Disclosure. Examination reports. Exemption.

Section 36a-22. (Formerly Sec. 36-21a). - Declaratory rulings.

Section 36a-23. (Formerly Sec. 36-28a). - Bank and credit union holidays. Closing of office in educational institution when not in session. Emergency closings. Opening of temporary offices or other facilities pursuant to an emergency or recovery oper...

Section 36a-23a. - Designation of Martin Luther King, Jr. Corridors.

Section 36a-24. - Hearings.

Section 36a-24a. - Failure of critical functions of computer-based information systems owned or used by depository institutions.

Section 36a-24b. - System-based licensure and registration.

Section 36a-24c. - Location of activity pursuant to a license or registration.

Section 36a-25. - Student Loan Ombudsman. Duties. Student loan borrower education course.

Section 36a-26. - Deposit index.

Section 36a-30. (Formerly Sec. 36-52a). - Community reinvestment. General requirements.

Section 36a-31. (Formerly Sec. 36-52b). - Community reinvestment notice.

Section 36a-32. (Formerly Sec. 36-52c). - Assessment of banks. Factors to be considered. Community reinvestment performance evaluation.

Section 36a-33. (Formerly Sec. 36-52d). - Commissioner to prepare lists of banks.

Section 36a-34. - Findings of commissioner re Community Reinvestment Act compliance, consumer protection law compliance, adequacy of banking services to be provided and anticompetitive effects in connection with certain transaction approvals.

Section 36a-37. - Community credit unions: Definitions.

Section 36a-37a. - Community reinvestment: General requirements.

Section 36a-37b. - Community reinvestment performance evaluation; copies.

Section 36a-37c. - Community reinvestment notice.

Section 36a-37d. - Community reinvestment performance; effects in connection with certain approvals.

Section 36a-37e. - Commissioner to prepare lists of credit unions.

Section 36a-40. (Formerly Sec. 36-2a). - Retention of Connecticut bank and credit union records.

Section 36a-41. (Formerly Sec. 36-9j). - Definitions.

Section 36a-42. (Formerly Sec. 36-9k). - Disclosure of financial records prohibited; exceptions.

Section 36a-43. (Formerly Sec. 36-9l). - Disclosure of financial records pursuant to lawful authority.

Section 36a-44. (Formerly Sec. 36-9m). - Exceptions re confidential treatment of customer records.

Section 36a-44a. - Customer protections. Compliance with Gramm-Leach-Bliley Financial Modernization Act.

Section 36a-45. (Formerly Sec. 36-9n). - Violations of financial records disclosure provisions.

Section 36a-50. - Enforcement action. Notice and hearing. Civil penalty. Injunction, restraining order and writ. Restitution and disgorgement. Costs.

Section 36a-51. - Suspension, revocation or refusal to renew license. Hearings. Surrender or expiration of license. Withdrawal of license application. Exceptions.

Section 36a-51a. - Removal from office and from employment or retention as independent contractor. Notice and hearing.

Section 36a-52. - Cease and desist orders. Notice and hearing.

Section 36a-52a. - Notice to licensees and registrants by personal delivery.

Section 36a-53. (Formerly Sec. 36-25). - Proceedings by commissioner upon violation of banking laws. Civil penalties.

Section 36a-53a. - False or misleading statements prohibited.

Section 36a-53b. - Prohibitions re activities subject to jurisdiction of commissioner.

Section 36a-54. (Formerly Sec. 36-6). - False entries by officials of financial institutions.

Section 36a-55. (Formerly Sec. 36-7). - Derogatory statements affecting banks, out-of-state banks or credit unions.

Section 36a-56. (Formerly Sec. 36-7a). - False statement or report or overvaluing land, property or security.

Section 36a-56a. - Use of name or trademark of bank or credit union prohibited in commercial advertisements that may mislead consumers. Enforcement action.

Section 36a-57. (Formerly Sec. 36-8). - Penalties for violation of banking law.

Section 36a-58. (Formerly Sec. 36-9). - Civil liability of officers.

Section 36a-59. - Authority of commissioner to enter into stipulations, agreements, memoranda of understanding and consent orders and issue preliminary warning letters.

Section 36a-60. - Deposit of fines or civil penalties in General Fund.

Section 36a-65. (Formerly Sec. 36-12a). - Assessment of expenses of Department of Banking. State Banking Fund. Fees.