Sec. 49-2b. (Formerly Sec. 37-10). Interest on escrow accounts; regulations of Banking Commissioner.
Sec. 49-2b. (Formerly Sec. 37-10). Interest on escrow accounts; regulations of
Banking Commissioner. The Banking Commissioner shall adopt such regulations, in
accordance with chapter 54, as are necessary to carry out the provisions of section 49-2a and shall specify the form mortgagees may use to report to mortgagors the interest
due under the provisions of section 49-2a.
(P.A. 73-607, S. 4; P.A. 77-604, S. 30, 84; 77-614, S. 161, 610; P.A. 80-482, S. 337, 348; P.A. 86-403, S. 82, 132; P.A.
87-9, S. 2, 3; P.A. 03-84, S. 37; P.A. 05-46, S. 17.)
History: Sec. 37-10 transferred to Sec. 49-2b in 1977 and reference to Sec. 47-23a revised to reflect its transfer; P.A.
77-604 reiterated substitution of Sec. 47a-22 for Sec. 47-23a; P.A. 77-614 replaced bank commissioner with banking
commissioner within the department of business regulation and made banking department a division within that department,
effective January 1, 1979; P.A. 80-482 restored banking commissioner and division to prior independent status and abolished the department of business regulation; P.A. 86-403 deleted reference to regulations necessary to carry out provisions
of Sec. 47a-22(a); (Revisor's note: Pursuant to P.A. 87-9 "banking commissioner" was changed editorially by the Revisors
to "commissioner of banking"); P.A. 03-84 changed "Commissioner of Banking" to "Banking Commissioner", effective
June 3, 2003; P.A. 05-46 specified that regulations be adopted in accordance with chapter 54 and required that regulations
specify the form mortgagees may use to report interest due under Sec. 49-2a in lieu of requirement that commissioner
furnish forms to mortgagees for the purpose of reporting interest due.