CT HB07019

Expands the Department of Banking's enforcement authority by allowing the commissioner to take action against mortgage lenders, brokers, and loan originators for violations of regulations and orders, not just statutes, effective October 1, 2017.

Requires Connecticut banks to file audit reports and additional communications from accountants (signed reports, audit committee communications, and internal control deficiency notices) with the commissioner within 120 days of fiscal year-end or per federal deadlines.

Mandates that landlords return any portion of a security deposit exceeding one month's rent to tenants who are 62 years of age or older, upon the tenant's request, effective October 1, 2017.

Establishes requirements for sales finance companies to maintain records on motor vehicle retail installment contracts including applicant information, loan details, and application disposition, available to the commissioner within five business days.

Establishes a task force to study methods preventing mortgages to persons with excessive blight fines or nuisance abatement violations; requires reports on student loan ombudsman implementation and lead abatement interest rate reduction programs by January 1, 2018.