Connecticut Penalizes Unlicensed Mortgage Lead Generation Activity

On March 26, the Connecticut Department of Banking entered into a consent order with a lead-generation company, alleging that the company engaged in mortgage lead-generation activity in Connecticut without the required license under the state’s Mortgage Lenders, Correspondent Lenders, Brokers and Loan Originators law. The order also alleges that the company had previously agreed in a 2020 consent order to stop engaging in unlicensed lead-generation activity in the state.... By: Sheppard, Mullin, Richter & Hampton LLP