Connecticut mortgage licensing

Mortgage Broker Licensing

License:  Connecticut Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: Yes, QI must be licensed CT MLO and must have 3 years experience within the five years immediately proceeding the application.
Minimum Net Worth:  $50,000
Financial Statements:  Unaudited (not compiled)
Surety Bond Amount:  $50,000
Company License Fee:  $600


Mortgage Lender and Servicer Licensing

License:  Mortgage Lender License

Physical Office Required:  No
Qualifying Individual Required:  Yes, QI must be licensed CT MLO and must have 3 years experience within the five years immediately proceeding the application.
Minimum Net Worth:  $250,000
Financial Statements:  Unaudited – Not Compiled
Surety Bond Amount:  $100,000
Company License Fee:  $1,100


Regulated by:

Department of Banking
Consumer Credit Division
260 Constitution Plaza
Hartford, CT 06103-1800
Phone: 860-240-8299
Fax: 860-240-817

 

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