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 3:15-2.15 - Late renewal of an individual license; late filing fees

Universal Citation: NJ Admin Code 3:15-2.15

Current through Register Vol. 56, No. 18, September 16, 2024

(a) An individual who submits a renewal application after the expiration of the license, but no later than the last day of February immediately thereafter, may renew by paying a penalty for late filing as follows:

1. Qualified individual license - $ 250.00; and

2. Mortgage loan originator - $ 75.00.

(b) An individual who submits a renewal application after the last day of February following the expiration of the license shall be treated as a new licensee and be required to submit an application with a fee as specified in N.J.A.C. 3:15-4.

(c) Payment of penalties for late renewal filing shall be collected on behalf of the Commissioner through the NMLSR.

(d) The date of submission shall be the date on which the electronically submitted complete renewal application was accepted by the NMLSR.

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