Connecticut Mortgage Licensing | Connecticut Department of Banking
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Mortgage Banker and Servicer | Mortgage Lender License
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee: $275 – Foreign Entity App $125 – Registered Agent Fee $1,100 - Company License Fee $1,000 – CT $100k Surety Bond |
Mortgage Broker | Mortgage Broker License
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$275 – Foreign CorpEntity App
$125 – Registered Agent Fee
$600 - Company License Fee
$500 – CT $50k Surety Bond
- Physical In-State Office Required: Yes, must show three years of mortgage experience within the last five years. Must complete requirements for CT loan originator license.
- Qualifying Individual: No
- Minimum Net Worth: $50,000
- Surety Bond: $50,000 to $150,000
- Loan Originator Licensing: Yes
- Branch Licensing: Yes
- Comments: The mortgage lender license allows you to lend and service, the correspondent lender license allows you to lend, and the broker license allows you to broker only.
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$275 – Foreign CorpEntity App
$125 – Registered Agent Fee
$600 - Company License Fee
$500 – CT $50k Surety Bond
Mortgage Banker | Correspondent Mortgage Lender
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$275 – Foreign Entity App
$125 – Registered Agent Fee
$1,100 - Company License Fee
$1,000 – CT $100k Surety Bond
- Physical In-State Office Required: No
- Qualifying Individual: Yes, must show three years of mortgage experience within the last five years. Must complete requirements for CT loan originator license.
- Minimum Net Worth: $50,000
- Surety Bond: $100,000 to $500,000
- Loan Originator Licensing: Yes
- Branch Licensing: Yes
- Comments: The mortgage lender license allows you to lend and service, the correspondent lender license allows you to lend, and the broker license allows you to broker only.
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$275 – Foreign Entity App
$125 – Registered Agent Fee
$1,100 - Company License Fee
$1,000 – CT $100k Surety Bond
Regulated by:
Connecticut Department of Banking
Consumer Credit Division
260 Constitution Plaza
Hartford, CT 06103-1800
Telephone: (860) 240-8299
Justyna Kordowska - [email protected]
MarleneMannix - [email protected] Fax: (860) 240-8178
http://www.ct.gov/dob/site/default.asp
Connecticut Department of Banking
Consumer Credit Division
260 Constitution Plaza
Hartford, CT 06103-1800
Telephone: (860) 240-8299
Justyna Kordowska - [email protected]
MarleneMannix - [email protected] Fax: (860) 240-8178
http://www.ct.gov/dob/site/default.asp
