Small Loan Lender Licensing

Essential Statutes

Please reference the relevant Connecticut Statutes (§§ 36a-555 to 36a-573, inclusive) as amended from time to time, and Regulations before applying for a license.

Other Relevant Information

• Extension of No-Action Position Regarding Application of PA 23-126 to Earned Wage Access Advances
• Department Issues Industry Guidance Regarding P.A. 23-126
• Order Establishing Requirements for Conducting Business from a Remote Location

How to Apply:

If you wish to apply for a small loan lender license you should begin by first reviewing Connecticut’s Jurisdiction-Specific Requirements along with Connecticut's small loan company licensing statutes, which provides the current licensing procedures and requirements applicable to small loan lenders.

If your company already has a completed record in the Nationwide Multistate Licensing System and Registry, then applying for a license in Connecticut merely involves filing your company's record (Form MU1), control person records (Form MU2), and relevant branch records (Form MU3) with Connecticut through the NMLS and mailing in the jurisdiction-specific requirements to the Department.

Go to the Getting Started page of the NMLS website and follow the steps outlined:

Any questions relating to the NMLS should be directed to the NMLS Call Center at (855) 665-7123.
 

Contact

Connecticut Department of Banking
Consumer Credit Division
260 Constitution Plaza
Hartford, CT 06103-1800

Telephone: (860) 240-8200 or toll-free 800-831-7225
Fax: (860) 240-8215

WHO TO CONTACT - Contact Anne Cappelli by phone at 860-240-8206 or send your questions
via e-mail to Anne.Cappelli@ct.gov for additional assistance.