Conn. Agencies Regs. § 36a-456-1

Current through October 16, 2024

Section 36a-456-1 - Definitions

As used in Sections 36a-456-1 to 36a-456-6, inclusive, of the Regulations of Connecticut State Agencies:

(1) "Commissioner" means the commissioner of banking. With respect to any function of the commissioner, "commissioner" includes any person authorized or designated by the commissioner to carry out that function;

(2) "Delinquency rate" means the total dollar value of loans which are more than SIXTY days delinquent divided by the total dollar value of loans outstanding at the end of any annual, semi-annual or quarterly accounting period from income earned and received during such period; and

(3) "Reserves" means the total of the reserve against losses on loans and any special reserve accounts.

Conn. Agencies Regs. § 36a-456-1

Effective July 2, 1979; Transferred April 24, 1995; Amended January 30, 1996