Section 36a-491 - (Formerly Sec. 36-440f). Expiration of licenses. Applications for renewal. Fees(a) Each mortgage lender, mortgage correspondent lender, mortgage broker, lead generator, mortgage loan originator and loan processor or underwriter license shall expire at the close of business on December thirty-first of the year in which it is approved, unless such license is renewed, and provided any such license that is approved on or after November first shall expire at the close of business on December thirty-first of the year following the year in which it is approved. An application for renewal of a license shall be filed between November first and December thirty-first of the year in which the license expires. Each applicant for an initial license or renewal of a license as a mortgage lender or mortgage correspondent lender shall pay to the system any required fees or charges and a license fee of one thousand dollars, and each applicant for an initial or renewal license as a mortgage broker or lead generator shall pay to the system any required fees or charges and a license fee of five hundred dollars. Each applicant for an initial license or renewal of a license as a mortgage loan originator or loan processor or underwriter shall pay to the system any required fees or charges and a license fee of three hundred dollars.(b) All fees paid pursuant to this section, including fees paid in connection with an application that is denied or withdrawn prior to the issuance of the license, shall be nonrefundable. No fee paid pursuant to this section shall be prorated if the license is surrendered, revoked or suspended prior to the expiration of the period for which it was approved.Conn. Gen. Stat. § 36a-491
(P.A. 85-399, S. 7; P.A. 88-150, S. 5; P.A. 89-347, S. 14; P.A. 92-89, S. 7, 20; P.A. 94-104, S. 5; P.A. 96-71, S. 2, 8; P.A. 99-36, S. 27; P.A. 02-111, S. 8; P.A. 04-69, S. 6; P.A. 05-46, S. 2; P.A. 06-45, S. 3; P.A. 07-156, S. 9; P.A. 08-176, S. 31, 45; P.A. 09-209, S. 11; June Sp. Sess. P.A. 09-3, S. 380; P.A. 11-216, S. 20; P.A. 17-38, S. 7.)
Amended by P.A. 17-0038, S. 7 of the Connecticut Acts of the 2017 Regular Session, eff. 10/1/2017.Amended by P.A. 11-0216, S. 20 of the the 2011 Regular Session, eff. 10/1/2011.Amended by P.A. 09-0003, S. 380 of the June 2009 Sp. Sess., eff. 10/1/2009.Amended by P.A. 09-0209, S. 11 of the the 2009 Regular Session, eff. 7/31/2009.