CT HB06382

Modifies the payment deadline for bank and credit union assessments from "within" twenty business days to "not later than" twenty business days from the date the commissioner mails notice of the amount due (effective July 1, 2011).

Creates a new $200 penalty for banks and credit unions that fail to pay their allocated assessments by the deadline, with penalties directed to the General Fund rather than the Banking Fund.

Renumbers subdivisions of section 36a-65(b) to accommodate the new penalty provision, shifting references from subdivision (4) to (5) for surplus maintenance procedures.

Directs all fines, civil penalties, and restitution imposed by the Banking Commissioner under sections 36a-50, 36a-53, or 36a-57 to be deposited into the General Fund (new requirement effective July 1, 2011).

Clarifies that the State Banking Fund receives only assessment payments from banks and credit unions and fees from document sales, while penalties and examination costs are directed elsewhere.