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