New Jersey Administrative Code
Title 3 - BANKING
Chapter 15 - RESIDENTIAL MORTGAGE LENDERS; CORRESPONDENT MORTGAGE LENDERS; MORTGAGE BROKERS; QUALIFIED INDIVIDUAL LICENSEES; MORTGAGE LOAN ORIGINATORS
Subchapter 2 - LICENSING
Section 3:15-2.14 - Requirements regarding licenses and renewal of the licenses of mortgage loan originators and qualified individual licensees

(a) When applying to renew a license pursuant to this section, a qualified individual licensee or mortgage loan originator in good standing shall submit a completed renewal application as may be required by the Commissioner or NMLSR and which shall include at a minimum the following:

(b) The license shall contain the name of the mortgage loan originator, the name of the employing licensee, and the address of the office location of the employing licensee from which the mortgage loan originator operates. The employing licensee shall make available for inspection the licenses at the licensed office from which the mortgage loan originator operates.

(c) Within five calendar days after a mortgage loan originator ceases his or her affiliation with a business licensee, the employing licensee shall return the license to the Department. It is not necessary for an employing licensee to return the license of a mortgage loan originator who changes from one branch location of the employing licensee to another branch office of that licensee.

(d) Within 10 calendar days after a qualified individual licensee ceases to be affiliated with a business licensee in that capacity, the qualified individual licensee shall return the license to the Department.