Sec. 49-2b. (Formerly Sec. 37-10). Interest on escrow accounts; regulations of Banking Commissioner.
Sec. 49-2b. (Formerly Sec. 37-10). Interest on escrow accounts; regulations of
Banking Commissioner. The Banking Commissioner shall adopt such regulations, in
accordance with chapter 54, as are necessary to carry out the provisions of section 49-2a and shall specify the form mortgagees may use to report to mortgagors the interest
due under the provisions of section 49-2a.
(P.A. 73-607, S. 4; P.A. 77-604, S. 30, 84; 77-614, S. 161, 610; P.A. 80-482, S. 337, 348; P.A. 86-403, S. 82, 132; P.A.
87-9, S. 2, 3; P.A. 03-84, S. 37; P.A. 05-46, S. 17.)
History: Sec. 37-10 transferred to Sec. 49-2b in 1977 and reference to Sec. 47-23a revised to reflect its transfer; P.A.
77-604 reiterated substitution of Sec. 47a-22 for Sec. 47-23a; P.A. 77-614 replaced bank commissioner with banking
commissioner within the department of business regulation and made banking department a division within that department,
effective January 1, 1979; P.A. 80-482 restored banking commissioner and division to prior independent status and abolished the department of business regulation; P.A. 86-403 deleted reference to regulations necessary to carry out provisions
of Sec. 47a-22(a); (Revisor's note: Pursuant to P.A. 87-9 "banking commissioner" was changed editorially by the Revisors
to "commissioner of banking"); P.A. 03-84 changed "Commissioner of Banking" to "Banking Commissioner", effective
June 3, 2003; P.A. 05-46 specified that regulations be adopted in accordance with chapter 54 and required that regulations
specify the form mortgagees may use to report interest due under Sec. 49-2a in lieu of requirement that commissioner
furnish forms to mortgagees for the purpose of reporting interest due.
Banking Commissioner. The Banking Commissioner shall adopt such regulations, in
accordance with chapter 54, as are necessary to carry out the provisions of section 49-2a and shall specify the form mortgagees may use to report to mortgagors the interest
due under the provisions of section 49-2a.
(P.A. 73-607, S. 4; P.A. 77-604, S. 30, 84; 77-614, S. 161, 610; P.A. 80-482, S. 337, 348; P.A. 86-403, S. 82, 132; P.A.
87-9, S. 2, 3; P.A. 03-84, S. 37; P.A. 05-46, S. 17.)
History: Sec. 37-10 transferred to Sec. 49-2b in 1977 and reference to Sec. 47-23a revised to reflect its transfer; P.A.
77-604 reiterated substitution of Sec. 47a-22 for Sec. 47-23a; P.A. 77-614 replaced bank commissioner with banking
commissioner within the department of business regulation and made banking department a division within that department,
effective January 1, 1979; P.A. 80-482 restored banking commissioner and division to prior independent status and abolished the department of business regulation; P.A. 86-403 deleted reference to regulations necessary to carry out provisions
of Sec. 47a-22(a); (Revisor's note: Pursuant to P.A. 87-9 "banking commissioner" was changed editorially by the Revisors
to "commissioner of banking"); P.A. 03-84 changed "Commissioner of Banking" to "Banking Commissioner", effective
June 3, 2003; P.A. 05-46 specified that regulations be adopted in accordance with chapter 54 and required that regulations
specify the form mortgagees may use to report interest due under Sec. 49-2a in lieu of requirement that commissioner
furnish forms to mortgagees for the purpose of reporting interest due.
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