Sec. 36a-758. (Formerly Sec. 36-9y). Payment of loan proceeds by certified, bank treasurer's or cashier's check or by wire transfer.
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Any person who makes any first mortgage loan, as defined in section 36a-485 , or any secondary mortgage loan, as defined in section 36a-485 , shall, at the time of consummation of such loan or at the termination of any right to rescind the loan transaction under 12 CFR 1026, as amended from time to time, whichever is later, pay the loan proceeds to the mortgagor, to the mortgagor's attorney, to the mortgagee's attorney or to any other person specified in any settlement statement, any written agreement between the mortgagor and the mortgagee or any written instruction of the mortgagor, by a certified, bank treasurer's or cashier's check or by means of wire transfer.