Send Article via Email

Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of Connecticut or anyone looking to become a mortgage broker in Connecticut. The Consumer Credit Division of the Department of Banking handles all aspects of the Mortgage Broker businesses in Connecticut, with the most recent major changes made October, 2002. Connecticut requires a Mortgage Broker license for First Mortgages (FMBO) and a separate Mortgage Broker license for Second Mortgages (SMBO). Both first mortgage lenders may also be Mortgage Brokers (FMLB), and second mortgage lenders may also be Mortgage Brokers (SMLB). When applying for a First Mortgage Broker License in Connecticut , applicants pay a non-refundable fee of $400 and provide a Surety Bond in the amount...