Broker Requirements:

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Connecticut requires a Mortgage Broker license for First Mortgages (FMBO), as well as a separate Mortgage Broker license for Second Mortgages (SMBO). Lenders may also be Brokers - FMLB & SMLB. The Consumer Credit Division, Department of Banking handles all Mortgage broker businesses in the state.

Requirements for FMBO:

(1) $400 non-refundable fee

(2) $40,000 Surety Bond

(3) Financial statements

(4) Past history/experience in Mortgage business.

Requirements for SMBO:

(1) $400 non-refundable fee

(2) $40,000 Surety Bond

(3) Financial statements

(4) Past history/experience in Mortgage business.

(5) Listing of business experience of supervisory person in chronological order.

Loan Originator Requirements:

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You may only work for one Mortgage Broker at a time; however, if the Broker has a FMBO and a SMBO license, then you only need to be licensed one time and can work on both first & second loans. There is a registration fee of $100 to become a Loan Originator in the state of Connecticut. All Loan Originators must be registered by their Broker.

Loan Office Requirements:

18 Years of Age

Licsense Fee of $130, including NMLS processing fee

Criminal Record Check 

Contact Information:

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Connecticut Department of Banking

Consumer Credit Division

260 Constitution Plaza

Hartford, CT 06103-1800

Staff: Justyna Kordowska

Phone: 860.240.8275

Toll-Free: 800.831.7225

Fax: 860.240.8215

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Website: http://www.ct.gov/dob/cwp/view.asp?a=2239&q=298128&dobNAV_GID=1659

Map for Connecticut Department of Banking, Consumer Credit Division: