Conn. Gen. Stat. § 36a-496
(Formerly Sec. 36-440k). Applications and referrals from unlicensed mortgage brokers or mortgage loan originators
Connecticut · General Statutes of Connecticut Chapter 668 — Nondepository Financial Institutions · Status: effective
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- Citation
- Conn. Gen. Stat. § 36a-496, (Formerly Sec. 36-440k). Applications and referrals from unlicensed mortgage brokers or mortgage loan originators, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2201013
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Full text
No person engaged in the business of making residential mortgage loans in this state, whether licensed in accordance with the provisions of sections 36a-485 to 36a-498e, inclusive, 36a-534a and 36a-534b or exempt from licensing, shall accept applications or referral of applicants from, or pay a fee to, any mortgage broker or mortgage loan originator who is required to be licensed under said sections but was not, as of the time of the performance of such mortgage broker's or mortgage loan originator's services in connection with loans made or to be made by the mortgage lender or mortgage correspondent lender, licensed to act as such by the commissioner, if the mortgage lender or mortgage correspondent lender has actual knowledge that the mortgage broker or mortgage loan originator was not licensed by the commissioner.