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Banking Department seeks to codify civil‑penalty authority for rental deposits, tighten data‑breach reporting
Summary
The Connecticut Department of Banking told the Banking Committee that SB 219 clarifies existing civil‑penalty authority in the rental security‑deposit statute and that HB 5210 would align state law with federal safeguard rules to require data‑security programs and regulator notice of breaches.
Matt Smith, director of government relations for the Connecticut Department of Banking, told the Joint Committee on Banking on Feb. 24 that SB 219 and HB 5210 are primarily transparency and conformity measures.
SB 219 inserts an explicit civil‑penalty reference into the rental security‑deposit statute to make clear landlords may be subject to enforcement under the banking code. "When the commissioner is investigating a complaint ... the language makes it clear within the rental…
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