Best Mortgage in Connecticut
Home purchase loans, refinancing, and home equity products from top mortgage lenders. In Connecticut, personal loans are capped at 36% APR for licensed consumer lenders, overseen by the Connecticut Department of Banking.
8 Mortgage Lenders serving Connecticut
Connecticut Lending Laws
Connecticut's Consumer Protection Act caps the APR on personal loans under $15,000 at 36%, and payday-style lenders cannot obtain licenses to operate in the state.
The primary regulator for consumer lending in Connecticut is the Connecticut Department of Banking. Borrowers with complaints about a lender can file reports directly with that agency or with the federal Consumer Financial Protection Bureau (CFPB).