>> State of Connecticut Background Check Information and Forms

CT First Mortgage Broker License

APPLICATION FOR A FIRST MORTGAGE LENDER/BROKER,
CORRESPONDENT LENDER/BROKER OR BROKER ONLY LICENSE
A check made payable to -Treasurer,State of Connecticut ":
a.$800.00 if you are a Lender/Broker or Correspondent Lender/Broker.(Non-Refundable)
b.$400 if you are a Broker.(Non-Refundable)
c.$100 per loan originator.(Non-Refundable)
"First Mortgage Lender" is defined to mean "a person engaged in the business of making first mortgage loans:(A)in such person's own name utilizing such person's own funds,or (B)by funding loans through a table funding agreement."
"First Mortgage Correspondent Lender" is defined to mean "a person engaged in the business of making first mortgage loans in such person's own name where the loans are not held by such person for more than ninety days and are funded by another person through a warehouse agreement,table funding agreement or similar agreement."
"First Mortgage Broker" is defined to mean "a person who,for a fee,commission or other valuable consideration,directly or indirectly,negotiates, solicits,arranges,places or finds a first mortgage loan that is to be made by a mortgage lender, whether or not the mortgage lender is required to be licensed under sections 36a-485 to 36a-498,
inclusive,as amended by this act."
NO PHYSICAL OFFICE OR EXAM OR FINGER PRINT CARDS OR AUDITED FINANCIALS BUT LOAN OFFICER LICENSE ARE NOW REQUIRED; 40,000 BOND AND First Mortgage Lenders are required to have and maintain a minimum tangible net worth of $250,000.First Mortgage Correspondent Lenders and First Mortgage Brokers are required to have and maintain a minimum tangible net worth of $25,000.

CT Secondary Mortgage Broker Licenseand Second Correspondent Lender License

APPLICATION FOR A SECONDARY MORTGAGE LENDER/BROKER, CORRESPONDENT LENDER/BROKER OR BROKER ONLY LICENSE
A check made payable to -Treasurer,State of Connecticut ":
a.$400.00 if you are a Lender/Broker or Correspondent Lender/Broker.(Non-Refundable)
b.$200.00 if you are a Broker.(Non-Refundable)
c.$50 per loan originator.(Non-Refundable)