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Pursuant to Section 36a-26 of the Connecticut General Statutes (C.G.S.), the Commissioner has determined the deposit index for the calendar year 2018 to be 0.09%.

Rental security deposits (C.G.S. 47a-21(i)): 0.09%

Claims for property, funds, or money delivered to the State Treasurer (C.G.S. 3-70a(e)): 0.09%

Mortgage escrow accounts (C.G.S. 49-2a): 0.10%*
*section requires that the interest rate be not less than the deposit index, rounded to the nearest one-tenth of one percentage point

Public service company, certified telecommunications provider and electric supplier customer security deposits (C.G.S. 16-262j(c)) 1.5% *
*section requires that the interest rate be not less than the higher of the deposit index, rounded to the nearest one-tenth of one percentage point, or 1.5%

These rates are for the period commencing January 1, 2018 and ending December 31, 2018.

PLEASE NOTE: The interest rates provided herein are done as a convenience to the public; the Commissioner has no authority to establish interest rates beyond what is provided in statute. Accordingly, parties required to pay interest under these sections must ensure compliance with the applicable statute(s).

Section 361-145 of the Connecticut General Statutes requires certain applications for a branch, of for a limited branch at which loans will be made, address how the establishment of the branch will be consistent with safe and sound banking practices and promote the public convenience and advantage.  Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days.  Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.

DATE:  December 4, 2017

BANK:  Darien Rowayton Bank, Darien

LOCATION:  855 Main Street, Bridgeport, CT  06604

ACTIVITY-BRANCH TYPE:  Filed - Limited Branch

On December 1, 2017, the Commissioner entered into a Consent Order with Siwell, Inc. d/b/a Capital Mortgage Services of Texas (NMLS # 149169) (“Capital Mortgage Services”), Lubbock, Texas. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, on September 7, 2017, the Commissioner issued a Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (“Notice”) against Capital Mortgage Services. The Commissioner alleged that Capital Mortgage Services failed to designate a qualified individual in accordance with the terms and conditions of a prior consent order, which constituted a violation of an order of the Commissioner. As part of the Consent Order, Capital Mortgage Services paid $5,000 as a civil penalty.