Substitute for Raised H.B. No. 7083
Session Year 2025

AN ACT CONCERNING VARIOUS REVISIONS TO THE CREDIT UNION STATUTES RELATING TO NONMEMBER PAYMENTS, MEMBER BUSINESS LOANS, CHARITABLE CONTRIBUTIONS, EXTENSIONS OF CREDIT, CAPITAL AND NET WORTH.

To (1) define "loan officer" for the purposes of various statutes relating to credit unions, (2) establish that certain credit unions may receive certain payments from nonmembers, (3) redefine "member business loan" for the purposes of certain statutory provisions relating to credit union loans, (4) establish that the management of Connecticut credit unions may make certain charitable contributions and gifts, (5) establish that employees, insiders or members of the governing board of Connecticut credit unions may obtain extensions of credit with preferential rates, terms or conditions, (6) establish that a Connecticut credit union may adopt policies establishing the manner in which such Connecticut credit union characterizes the proceeds of the resale of repossessed goods, and (7) redefine "capital" and "net worth" for the purposes of various statutory provisions relating to credit unions.

Other Bills with Similar Topics

  Banking Department 

 

• HB05007 - AN ACT ALLOWING EARNED WAGE ACCESS SERVICE.
• HB06875 - AN ACT CONCERNING THE CONNECTICUT UNIFORM SECURITIES ACT.
• HB06877 - AN ACT CONCERNING THE BANKING COMMISSIONER'S APPROVAL OF CERTAIN BANK REAL ESTATE IMPROVEMENTS AND ALTERATIONS.
• HB06988 - AN ACT CONCERNING A STUDY OF FINANCIAL TRANSACTIONS IN THE STATE.
• HB06989 - AN ACT CONCERNING A STUDY REGARDING FINANCIAL INSTITUTIONS.
• HB06992 - AN ACT ESTABLISHING THE HOMES FOR CT LOAN PROGRAM.
• HB07082 - AN ACT CONCERNING VARIOUS REVISIONS TO THE MONEY TRANSMISSION STATUTES, STATE PAYMENTS AND INVESTMENTS IN VIRTUAL CURRENCY AND MINORS' MONEY SHARING APPLICATION ACCOUNTS.
• HB07288 - AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE AND CONCERNING GRANT PROGRAMS, STATE GRANT COMMITMENTS FOR SCHOOL BUILDING PROJECTS, REVISIONS TO THE SCHOOL BUILDING PROJECTS STATUTES AND VARIOUS PROVISIONS REVISING AND IMPLEMENTING THE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2027.
• SB01077 - AN ACT AUTHORIZING THE BANKING COMMISSIONER TO GRANT CERTIFICATES TO ESTABLISH LIMITED PURPOSE TRUST COMPANIES.
• SB01257 - AN ACT CONCERNING CONSUMER CREDIT AND COMMERCIAL FINANCING.
• SB01336 - AN ACT CONCERNING MORTGAGE FORECLOSURES AND UNDISCHARGED MORTGAGES.
• SB01396 - AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES.
• SB01398 - AN ACT CONCERNING COMMUNITY REINVESTMENT BY BANKS AND CREDIT UNIONS.
• SB01399 - AN ACT CONCERNING A STUDY REGARDING THE ESTABLISHMENT OF LIMITED PURPOSE TRUST COMPANIES.
• SB01544 - AN ACT CONCERNING A STUDY ON PRESETTLEMENT LEGAL FUNDING AND LOANS MADE IN CONNECTION WITH THE ANTICIPATED RECEIPT OF A WRONGFUL INCARCERATION AWARD.
• SB01552 - AN ACT ESTABLISHING A CONNECTICUT PRECIOUS METALS WORKING GROUP AND CONCERNING THE SALES AND USE TAXES EXEMPTION FOR CERTAIN COINS, BULLION AND LEGAL TENDER.

  Charitable contributions 

 

• HB06858 - AN ACT CONCERNING THE ATTORNEY GENERAL'S RECOMMENDATIONS REGARDING TICKETS, VETERAN OR MILITARY BENEFIT SERVICES, THE STATE CODE OF ETHICS, UMBILICAL CORD BLOOD, THE SOLICITATION OF CHARITABLE FUNDS ACT AND REAL ESTATE LISTING PROVIDERS.
• SB00122 - AN ACT ESTABLISHING A TAX CREDIT FOR EDUCATIONAL ACCESS AND OPPORTUNITY SCHOLARSHIPS.
• SB00506 - AN ACT PROHIBITING THE USE OF PRIVATE FUNDS BY THE STATE AND MUNICIPALITIES FOR ELECTIONS-RELATED PURPOSES.
• SB00603 - AN ACT CONCERNING DISTRIBUTION OF SURPLUS FUNDS FROM A CANDIDATE COMMITTEE THAT PARTICIPATED IN THE CITIZENS' ELECTION PROGRAM.
• SB01357 - AN ACT CONCERNING THE DEPARTMENT OF CONSUMER PROTECTION'S RECOMMENDATIONS REGARDING VARIOUS STATUTES CONCERNING CONSUMER PROTECTION.
• SB01434 - AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS CONCERNING UNCLAIMED PROPERTY.

  Credit unions 

 

• HB05089 - AN ACT AUTHORIZING CREDIT UNIONS, BANKS AND REALTOR ASSOCIATIONS OR ORGANIZATIONS TO ESTABLISH OR PARTICIPATE IN MULTIPLE EMPLOYER WELFARE ARRANGEMENTS.
• SB01255 - AN ACT CONCERNING THE COMMUNITY BANK AND COMMUNITY CREDIT UNION INVESTMENT PROGRAM ESTABLISHED BY THE STATE TREASURER.
• SB01398 - AN ACT CONCERNING COMMUNITY REINVESTMENT BY BANKS AND CREDIT UNIONS.

  Foreclosure 

 

• HB05446 - AN ACT CONCERNING THE FEES PAID FOR A TITLE SEARCH IN A FORECLOSURE JUDGMENT.
• HB06878 - AN ACT CONCERNING MORTGAGE FORECLOSURES AND UNDISCHARGED MORTGAGES.
• SB00754 - AN ACT CONCERNING ACCESSORY APARTMENTS, CONVERSION OF COMMERCIAL REAL PROPERTY FOR RESIDENTIAL USE, EVICTION RECORDS, ESTABLISHMENT OF A FAIR HOUSING OFFICE AND A FORECLOSURE MEDIATION PROGRAM.
• SB00834 - AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNPAID SEWER ASSESSMENTS AND OTHER FEES AND CHARGES.
• SB01187 - AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNPAID SEWER ASSESSMENTS AND OTHER FEES AND CHARGES.
• SB01339 - AN ACT CONCERNING THE ASSIGNMENT OF CERTAIN LIENS.

  Loans 

 

• HB05194 - AN ACT PROHIBITING CERTAIN LENDING PRACTICES BY HEALTH CARE PROVIDERS.
• HB05501 - AN ACT REQUIRING CERTAIN PROVIDERS OF SHORT-TERM INSTALLMENT LOANS TO BE LICENSED.
• HB07288 - AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE AND CONCERNING GRANT PROGRAMS, STATE GRANT COMMITMENTS FOR SCHOOL BUILDING PROJECTS, REVISIONS TO THE SCHOOL BUILDING PROJECTS STATUTES AND VARIOUS PROVISIONS REVISING AND IMPLEMENTING THE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2027.
• SB01093 - AN ACT ALLOWING CERTAIN COMMERCIAL FINANCING CONTRACTS TO CONTAIN PROVISIONS WAIVING THE RIGHT TO NOTICE, JUDICIAL HEARING OR PRIOR COURT ORDER IN CONNECTION WITH A PREJUDGMENT REMEDY.
• SB01396 - AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES.