CT SB00848

Modifies bank audit requirements to allow Connecticut bank subsidiaries of holding companies to file consolidated holding company audit reports instead of separate bank audits, subject to commissioner approval.

Adjusts public deposit collateral requirements for qualified depositories based on tier one leverage ratios, risk-based capital ratios, and net worth ratios, with new community bank leverage ratio framework references.

Updates credit union bylaw and certificate of incorporation amendment procedures to streamline filing requirements with the commissioner.

Expands mortgage loan originator definitions and adds new exemptions for lead generators employed by affiliate entities of banks or credit unions engaged in securities, investment advisory, or insurance sales activities.

Standardizes "change of control" definitions across multiple financial licensing statutes (mortgage lenders, money transmitters, debt adjusters, mortgage servicers, and consumer collection agencies) requiring 30-day advance notice and commissioner approval.