{"data":{"id":"us-ct/conn.-gen.-stat.-36a-627","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 36a-627","heading":"License required. Exemptions.","body":"(a) No person shall engage in the business of a business and industrial development corporation as a participating lender under the loan guarantee programs of the federal Small Business Administration in this state without having received a license under sections 36a-625 to 36a-634, inclusive.\n(b) Notwithstanding subsection (a) of this section, the following shall be exempt from the provisions of sections 36a-625 to 36a-634, inclusive: (1) Any person licensed by the federal Small Business Administration as a small business investment company or a small business lending company; (2) any bank, out-of-state bank, Connecticut credit union, federal credit union or out-of-state credit union; or (3) any person that is not approved or is not seeking approval by the federal Small Business Administration as a participating lender under one or more of its loan guarantee programs.","path":["TITLE 36a. THE BANKING LAW OF CONNECTICUT","CHAPTER 668. NONDEPOSITORY FINANCIAL INSTITUTIONS","PART VII. CONNECTICUT BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION ACT"],"source_url":"https://www.cga.ct.gov/current/pub/chap_668.htm#sec_36a-627","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:12Z","sha256":"6e1f23097a55d0bf9bd3584deb21dab5abbc537823407d23a2c94c64ac749763","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-36a-626","next":"us-ct/conn.-gen.-stat.-36a-628"},"notice":"GroundRules: Original legal text. Not legal advice."}