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 3:15-2.8 - Inactive license status; application fee

Universal Citation: NJ Admin Code 3:15-2.8

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

(a) A formerly licensed individual whose New Jersey license is not under suspension or revoked and who has not had a mortgage loan originator license or a qualified individual licensee license or its equivalent revoked in any other governmental jurisdiction may, for up to five years from the date on which the license was placed in inactive status, apply to reactivate the individual license pursuant to this chapter and in accordance with the format and standards of the NMLSR. The inactive individual licensee shall complete the continuing education requirements in effect for the last calendar year in which the individual was licensed as a requirement for reactivation.

(b) Application fees are nonrefundable.

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