Duties and authority of the department

The commissioner is charged with administering title 36a of the Connecticut General Statutes, the "Banking Law of Connecticut", and title 36b of the Connecticut General Statutes, the "Securities and Business Investments Law of Connecticut". Pursuant to such authority, the department is responsible for the regulation and examination of individuals and entities in the financial services industry as provided in sections 36a-1 and 36b-1 of the Connecticut General Statutes. The commissioner also has the authority to administer the laws of this state concerning rental security deposits and has responsibilities under various other laws including determining the deposit index for calculating the minimum interest rate required to be paid on certain funds.