Sec. 36a-741. (Formerly Sec. 36-451). Cease and desist order. Enforcement action.
90 words·~1 min read·
/ct/title-36a/chapter-669-regulated-activities/36a-741·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)If the commissioner finds that a financial institution is violating the provisions of sections 36a-735 to 36a-744 , inclusive, the commissioner shall order the institution to cease and desist from such practices in accordance with section 36a-52 .
(b)Whenever it appears to the commissioner that any financial institution has violated, is violating or is about to violate any provision of sections 36a-735 to 36a-744 , inclusive, or any regulation adopted under said sections, the commissioner may take action against such financial institution in accordance with section 36a-50 .