Mortgage licensing / Connecticut
Connecticut Student Loan Servicer Branch License
branch licence · NMLS CTSTUDENTLNSERVICER_B · DOB
A location other than the main office at which, any person, wherever located, responsible for the servicing of any student education loan to any student loan borrower is required to have this license. “Servicing” means receiving any scheduled periodic payments from a student loan borrower pursuant to the terms of a student education loan; applying the payments of principal and interest and such other payments with respect to the amounts received from a student loan borrower, as may be required pursuant to the terms of a student education loan; maintaining account records for and communicating with the student loan borrower concerning the student education loan during the period when no scheduled periodic payments are required; interacting with a student loan borrower for purposes of facilitating the servicing of a student education loan, including, but not limited to, assisting a student loan borrower to prevent such borrower from defaulting on obligations arising from the student education loan; or performing other administrative services with respect to a student education loan. “Student loan borrower” and “Student education loan” are further defined in Section 36a-846 of the Connecticut General Statutes.
Requirements (4)
Step 1
Other Trade Names: If this branch is operating under a name that is different from the applicant’s legal name, that name (“Trade Name”, “Assumed Name” or “DBA”) must be listed under the Other Trade Names section of both the Branch Form (MU3) and the Company Form (MU1). CT Department of Banking does not limit the number of other trade names. It is the applicant’s responsibility to ensure that all names are properly registered with the required municipality or government agency.Submitted via: NMLS
Step 2
Credit Report: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.Submitted via: NMLS
Step 3
FBI Criminal Background Check Requirements: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement. Note: If you are able to ‘Use Existing Prints’ to process the FBI criminal background check, you DO NOT have to schedule an appointment. NMLS will automatically submit the fingerprints on file.Submitted via: NMLS
Step 4
Branch Manager: Must recognize an individual who is responsible for the actions of the licensee. Complete the Individual Form (MU2) in NMLS. This individual must be listed in the Branch Manager section of Branch Form (MU3). The branch manager is required to meet minimum criminal and credit background check requirements. The individual will be required to authorize a criminal background check and credit report through NMLS.Submitted via: NMLS
General information
GENERAL INFORMATION
Who is required to have this license?
A location other than the main office at which, any person, wherever located,
responsible for the servicing of any student education loan to any student loan
borrower.
“Servicing” means receiving any scheduled periodic payments
from a student loan borrower pursuant to the terms of a student education loan;
applying the payments of principal and interest and such other payments with
respect to the amounts received from a student loan borrower, as may be
required pursuant to the terms of a student education loan; and performing
other administrative services with respect to a student education loan.
“Student loan borrower” means any individual who resides within this
state who has agreed to repay a student education loan.
“Student education loan” means any loan primarily for personal use to
finance education or other school-related expenses.
Activities Authorized Under This
License
•
Private student
loan servicing
• Non-private
student loan servicing
Note: Any activity subject to licensure shall be conducted
from an office located in a state, as defined in section 36a-2. “State” means
any state of the United States, the District of Columbia, any territory of the
United States, Puerto Rico, Guam, American Samoa, the trust territory of the
Pacific Islands, the Virgin Islands and the Northern Mariana Islands.
Other Connecticut mortgage licenses
- Exempt Mortgage Servicer Registrant
- Exempt Mortgage Servicer Registrant Branch
- Federal Student Loan Servicer Registrant
- Mortgage Broker Branch License
- Mortgage Broker License
- Mortgage Correspondent Lender Branch License
- All 14 Connecticut licenses
Sourced from the NMLS/CSBS state licensing record, last updated January 31, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.