New Jersey Administrative Code
Title 3 - BANKING
Chapter 15 - RESIDENTIAL MORTGAGE LENDERS; CORRESPONDENT MORTGAGE LENDERS; MORTGAGE BROKERS; QUALIFIED INDIVIDUAL LICENSEES; MORTGAGE LOAN ORIGINATORS
Subchapter 4 - FEES
Section 3:15-4.1 - Fees associated with licensing

Universal Citation: NJ Admin Code 3:15-4.1

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

(a) All fees associated with licensing shall be paid electronically to the NMLSR for administration of the nationwide database and collection of fees payable to the Department and the NMLSR according to the manner prescribed by the NMLSR.

(b) A person who is applying for an initial individual or business license under the Act shall pay a non-refundable application fee as follows:

1. Business license - $ 1,200;

2. Each branch office - $ 1,000;

3. Qualified individual licensee - $ 500.00;

4. Mortgage loan originator - $ 150.00;

5. Change of affiliation by mortgage loan originator - $ 50.00; and

6. Change of affiliation by qualified individual licensees - $ 250.00.

(c) Business licensees licensed under the Licensed Lenders Act who apply to transition by July 31, 2010 to business licensees under the Act shall pay a fee of $ 600.00 plus $ 100.00 for each existing branch.

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