State of Connecticut Department of Banking

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IN THE MATTER OF:

KENNETH MICHAEL PAGE
NMLS # 134504

    ("Respondent")

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WITHDRAWAL OF NOTICE OF
INTENT TO ISSUE ORDER TO
CEASE AND DESIST

WITHDRAWAL OF NOTICE OF
INTENT TO IMPOSE CIVIL PENALTY

AND

WITHDRAWAL OF NOTICE OF
RIGHT TO HEARING


WHEREAS, on January 19, 2011, acting pursuant to Sections 36a-494(b) of the 2010 Supplement to the General Statutes and Sections 36a-52(a) and 36a-50(a) of the Connecticut General Statutes, the Banking Commissioner (“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 (“collectively “Notice”) against several respondents, including Respondent;

WHEREAS, the Commissioner alleged in the Notice that Respondent engaged in acts or conduct which formed a basis to issue an order against Respondent to cease and desist from violating Sections 36a-494(b) and 36a-486(b) of the then applicable Connecticut General Statutes and to impose a civil penalty for such violations, subject to Respondent’s right to a hearing on the allegations contained in the Notice;
WHEREAS, on February 1, 2011, Respondent timely filed an appearance and request for hearing;
WHEREAS, Respondent subsequently provided the Commissioner with a sworn statement regarding the matters asserted in the Notice as they relate to Respondent;
WHEREAS, Section 36a-1-55(b) of the Regulations of Connecticut State Agencies provides, in pertinent part, that “[t]he commissioner may withdraw an order at any time before a final decision is issued”;
NOW THEREFORE, based on the sworn statement provided by Respondent, the Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing issued against Respondent are HEREBY WITHDRAWN.
So ordered at Hartford, Connecticut
this 11th day of October 2011.                  ________/s/_________
                                                            Howard F. Pitkin
                                                            Banking Commissioner


Administrative Orders and Settlements