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Regulated By:Department of Banking Consumer Credit Division
Address:260 Constitution Plaza
Hartford, CT 06103-1800
Phone:(860)240-8200
Fax:(860)240-8178
Website:http://www.state.ct.us/dob/pages/cchelp.htm
  



 


FIRST MORTGAGE BROKERS

Application:
$400 (Licensee must be supervisory authority)
Initial Education:
N/A
Testing:
N/A
CE Requirement:
N/A
CE Deadline:
N/A
Surety Bond:
$40,000
Finger Prints /
Criminal Background:
N/A
Net Worth:
$25,000
Credit Report:
N/A
Experience:
3 years experience within the past 5 years
Renewals:
Fee: $400
Licenses are renewed biannually; the next expiration date is 9/30/2008, applications are due by 9/1/08

CORRESPONDENT LENDERS

Application:
Fee: $400
Initial Education:
N/A
Testing:
N/A
CE Requirement:
N/A
CE Deadline:
N/A
Surety Bond:
$40,000
Finger Prints /
Criminal Background:
N/A
Net Worth:
$25,000
Credit Report:
N/A
Experience:
N/A
Renewals:
Fee: $400
Licenses are renewed biannually; the next expiration date is 9/30/2008, applications are due by 9/1/08

LOAN ORIGINATORS

Application:
Fee: $100
Initial Education:
N/A
Testing:
N/A
CE Requirement:
N/A
CE Deadline:
N/A
Surety Bond:
N/A
Finger Prints /
Criminal Background:
N/A
Net Worth:
N/A
Credit Report:
N/A
Experience:
N/A
Renewals:
Fee: $400
Licenses are renewed biannually; the next expiration date is 9/30/2008, applications are due by 9/1/08

Please Note: Mortgage broker regulations vary widely state to state. Some states require significant education requirements, a few impose no regulations at all, while others conduct background checks. State requirements often change. Please visit your state web site for the most up-to-date information. This information should not be interpreted as legal advice.