N.J. Admin. Code § 3:15-6.6 - Documentation requirement related to the charging of certain fees by business licensees

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

(a) Each person licensed as a business licensee shall maintain a recordkeeping system that shall document each of the following fees if charged to first mortgage loan applicants by the licensee:
1. Appraisal fees;
2. Credit report fees;
3. Application fees;
4. Commitment fees;
5. Warehouse fees; and
6. Third party charges.

Notes

N.J. Admin. Code § 3:15-6.6
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 "Documentation requirement related to the charging of certain fees by 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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