N.J. Admin. Code § 3:15-1.8 - Authority of the Commissioner to oversee implementation of the Act

Current through Register Vol. 54, No. 7, April 4, 2022

(a) The Commissioner shall coordinate the processing of an applicant through the NMLSR with the State licensing of the applicant on any matters deemed necessary for participation in the nationwide system and registry, including, but not limited to, electronic filings, information sharing and other activities that facilitate the operation of the nationwide system and registry.
(b) The Commissioner may investigate or examine any mortgage lender, mortgage broker, mortgage loan originator, qualified individual licensee or other person as necessary to determine eligibility for licensure and compliance with the Act and orders, rules and regulations issued thereunder and take such action as he or she deems appropriate based upon the results of any such investigation or examination consistent with the provisions of the Act and this chapter.
(c) The Commissioner may require any mortgage lender, mortgage broker, mortgage loan originator, qualified individual licensee or other person as necessary to make or compile reports or prepare other information as directed by the Commissioner for the purposes of implementing the RMLA.

Notes

N.J. Admin. Code § 3:15-1.8
New Rule, R.2010 d.129, effective 6/21/2010 (operative July 31, 2010).
See: 41 N.J.R. 2829(a), 42 N.J.R. 1139(b).

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