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Code · Connecticut · Title 36a — The Banking Law of Connecticut · CHAPTER 669* — Regulated Activities

Sec. 36a-671e. Requirements re mortgage loan originator license.

186 words·~1 min read·/ct/title-36a/chapter-669-regulated-activities/36a-671e·

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(a)No person licensed to engage or offer to engage in debt negotiation or exempt from such licensure shall permit any individual to engage or offer to engage in debt negotiation of a residential mortgage loan on behalf of a mortgagor for compensation or gain or with the expectation of compensation or gain unless such individual is licensed as a mortgage loan originator under section 36a-489 or exempt from such licensure under subdivision
(2)of subsection
(b)of section 36a-486 .
(b)No individual shall engage or offer to engage in debt negotiation of a residential mortgage loan on behalf of a mortgagor for compensation or gain or with the expectation of compensation or gain without first obtaining and maintaining annually a license as a mortgage loan originator under section 36a-489 unless such individual is exempt from such licensure under subdivision
(2)of subsection
(b)of section 36a-486 .
(c)Any individual required to obtain and annually maintain a license as a mortgage loan originator under subsection
(b)of this section shall comply with all requirements imposed on a mortgage loan originator licensee under chapter 668.
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