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CT SB00221
Bill
Status
Passed
6/6/2014
Primary Sponsor
Labor and Public Employees Committee
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AI Summary
- Expands the definition of "financial institution" to include mortgage brokers, mortgage correspondent lenders, mortgage lenders licensed under chapter 668, and mortgage servicing companies as defined in section 36a-715
- Adds subsection (B) to clarify that entities registered with the Securities and Exchange Commission qualify as financial institutions
- Establishes criteria for when credit reports are "substantially related" to a job, including managerial positions, roles with access to personal or financial information, fiduciary responsibilities, expense accounts, access to confidential business information or trade secrets, and positions involving nonfinancial assets valued at $2,005 or more
- Changes effective date to October 1, 2014
- Repeals and replaces subsection (a) of section 31-51tt of the general statutes
Legislative Description
An Act Concerning Credit Checks And Financial Institutions.
Last Action
Signed by the Governor
6/6/2014
Committee Referrals
Banks4/8/2014
Labor and Public Employees2/20/2014
Full Bill Text
No bill text available