Section 36a-570-12 - Restrictions on loans by affiliated entities(a) A loan shall not be made for a downpayment on an automobile, other merchandise or service where the retail instalment contract in the transaction is purchased or to be purchased and held by an affiliated entity.(b) A loan shall not be made coincident with the purchasing of a retail instalment contract or the entering into any other type of contract by an affiliated entity when the proceeds of both are for the same purpose.Conn. Agencies Regs. § 36a-570-12
Effective September 26, 1967; Transferred April 24, 1995