Notice to Non-Mortgage Consumer Credit Licensees
On June 17, 2015, the Commissioner elected to require use of the Nationwide Mortgage Licensing System (“NMLS” or "System") for the following license types: Consumer Collection Agencies, Check Cashing Services, Debt Adjusters, Debt Negotiators, Money Transmitters, Sales Finance Companies and Small Loan Companies.
Understanding Broker-Dealer Fees
The Department of Banking and the North American Securities Administrators Association (NASAA) has teamed up to issue a new advisory - Understanding Broker-Dealer Fees
- to help provide clear and easy access to fee information to investors regarding their brokerage accounts.
The Federal Trade Commission offers a comprehensive guide for protecting
yourself against identity theft:
Warning To Licensees Who Collect Debt From CT Consumers
It is illegal to collect on consumer loans which violate Connecticut’s small loan regulatory scheme or to receive payment processing fees not contemplated by a consumer’s underlying debt contract. Please refer to attached memo.
2015 Foreclosure Prevention Clinics
The New England states have formed the New England Regional Mortgage Committee and will be initiating coordinated examinations of mortgage lenders, mortgage correspondent lenders, mortgage brokers and mortgage loan servicers beginning in 2015.
AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER
The State of Connecticut is an Affirmative Action/Equal Opportunity Employer and strongly encourages the applications of women, minorities, veterans and persons with disabilities.