DOB: Sales Finance Company Licensing Information

Sales Finance Company Licensing

Essential Statutes
Please reference the relevant Connecticut Statutes (§§ 36a-535 to 36a-546, inclusive) before applying for a license.

Notice to all Sales Finance Companies:
Memorandum from the Banking Commissioner regarding his "no action" position regarding Section 36a-547 of the 2018 Supplement to the General Statutes, as amended by Section 97 of Public Act 18-173

 Nationwide Multistate Licensing System and Registry
 
On July 1, 2015, the Department of Banking began participation for non-mortgage licensees on NMLS. 
 


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

{NMLS Resource Center}

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.



Content Last Modified on 9/28/2018 3:45:39 PM