50-State Financial Services Licensing Compliance Guide
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Connecticut Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Connecticut.

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Company Licenses

Connecticut Financial Services Company Licenses

Connecticut Check Cashing Branch License - General Facility

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1100 license/registration fee + $15 credit report per person + $36.25 background check

Registration Renewal

Filing Method:

Online

Agency Fee:

$800

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Check Cashing Branch License - Limited Facility

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $800 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$800

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Check Cashing License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1100 license/registration fee + $15 credit report per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$800

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Consumer Collection Agency Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Bond Requirements:

$25,000 surety bond.

Initial Registration

Filing Method:

Online through NMLS.

Agency Fee:

$20 processing fee + $500 license fee + $15 per MU2 individual credit report fee + $36.25 per MU2 individual background check fee.

Registration Renewal

Filing Method:

Online through NMLS.

Agency Fee:

$400

Due:

By September 30 of odd-numbered years.

Connecticut Consumer Collection Agency License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Financial Requirements:

Applicant must have a net worth of at least $50,000.

Bond Requirements:

$25,000 surety bond.

Initial Registration

Filing Method:

Online through NMLS.

Agency Fee:

$100 processing fee + $500 license fee + $15 per MU2 individual credit report fee + $36.25 per MU2 individual background check fee.

Registration Renewal

Filing Method:

Online through NMLS.

Agency Fee:

$400

Due:

By September 30 of odd-numbered years.

Connecticut Debt Adjuster For-Profit Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $250 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$800

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Debt Adjuster For-Profit License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $800 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$800

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Debt Adjuster Non-Profit Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $800 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Debt Adjuster Non-Profit License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $200 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Debt Negotiation Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $500 license fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$800

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Debt Negotiation License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $800 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$800

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Exempt Mortgage Company Registration

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 NMLS processing fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Federal Student Loan Servicer Registration

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$900 registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$900

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Lead Generator License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $500 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Money Transmission License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1875 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,125

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Broker Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $500 license fee + $15 credit report fee per person + $36.25 background check fee per person

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Broker License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $500 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Correspondent Lender Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $1000 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Correspondent Lender License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1000 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Lender Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $1000 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Lender License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1000 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Servicer Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $1000 license/registration fee + $15 credit report fee per person + $36.25 background check fee per person

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Servicer License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1000 license/registration fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Private Education Lender Registration

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$900 registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$900

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Sales Finance Company Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $400 license/registration fee + $15 credit report fee per person + $36.25 background check fee per person

Registration Renewal

Filing Method:

Online

Agency Fee:

$400

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Sales Finance Company License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$900 registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$400

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Small Loan Company Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $400 license/registration fee + $15 credit report fee per person + $36.25 background check fee per person

Registration Renewal

Filing Method:

Online

Agency Fee:

$400

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Small Loan Company License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $900 license fee + $15 credit report fee per person + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$400

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Student Loan Servicer Branch License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $900 license fee + $15 credit report fee per person + $36.25 background check fee per person

Registration Renewal

Filing Method:

Online

Agency Fee:

$900

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Student Loan Servicer License

Agency:Connecticut Department of Banking - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1100 license/registration fee + $15 credit report per person + $36.25 background check

Registration Renewal

Filing Method:

Online

Agency Fee:

$900

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Individual Licenses

Connecticut Individual Financial Services Licenses

Connecticut Loan Processor/Underwriter License

Agency:Connecticut Department of Banking - Consumer Credit Division

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $300 license fee + $15 credit report fee per person + $36.25 background check fee per person

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Connecticut Mortgage Loan Originator License

Agency:Connecticut Department of Banking - Consumer Credit Division

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $300 license fee + $15 credit report fee per person + $36.25 background check fee per person

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Explore licensing in other states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania
Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Revised April 19, 2024
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