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Connecticut · Through Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)

Conn. Gen. Stat. § 36a-708: Prohibited acts by mortgage brokers.

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Where this section sits in the code
  1. TITLE 36a. THE BANKING LAW OF CONNECTICUT
  2. CHAPTER 669*. REGULATED ACTIVITIES
  3. PART VI. MORTGAGE PROCESSING

No mortgage broker shall collect a rate lock-in fee, except where required by a governmental agency to be collected directly by the mortgage broker, issue a mortgage rate lock-in or otherwise represent to a first mortgage loan applicant or the applicant's representative that the loan will be made at a specified rate if the loan is closed by the expiration of a specified period of time. Notwithstanding the provisions of this section, a mortgage broker may provide a mortgage lender's mortgage rate lock-in to a mortgage loan applicant or the applicant's representative on behalf of such mortgage lender and collect a rate lock-in fee on the mortgage lender's behalf payable to the mortgage lender.

Collected 2026-09-06T19:07:12Z. Source file · JSON

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