N.J. Admin. Code § 3:15-6.4 - Loan application recordkeeping requirements for business licensees

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

(a) Each person licensed as a business licensee shall maintain a loan application system containing the following information for each application for a first mortgage loan:
1. The case number;
2. The application date;
3. The applicant's name;
4. The property address;
5. The disposition;
6. The type of loan; and
7. The amount of the loan.


N.J. Admin. Code § 3:15-6.4
Amended by 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).
Section was "Loan application recordkeeping requirements for mortgage bankers, correspondent mortgage bankers and mortgage brokers". In the introductory paragraph of (a), substituted "business licensee" for "mortgage banker, correspondent mortgage banker or mortgage broker".

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