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 3:15-2.5 - Application for renewal of a business license
Universal Citation: NJ Admin Code 3:15-2.5
Current through Register Vol. 56, No. 18, September 16, 2024
(a) A person who holds in good standing a license as a mortgage lender or mortgage broker who seeks to renew a license pursuant to this section shall submit the following in connection with the renewal application:
1. A
completed renewal application as prescribed by the Commissioner or the NMLSR
which shall include the following:
i. The
name of the applicant;
ii. The
location of the principal place of business of the applicant;
iii. A certification or other submissions as
required by the NMLSR that the applicant has bond coverage as specified in
3:15-3.1, and tangible net worth as
specified by
3:15-5.3.
(b) No license shall be renewed unless all assessments due and owing as of the expiration date of the current license have been paid.
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