New Jersey Administrative Code
Title 3 - BANKING
Chapter 15 - RESIDENTIAL MORTGAGE LENDERS; CORRESPONDENT MORTGAGE LENDERS; MORTGAGE BROKERS; QUALIFIED INDIVIDUAL LICENSEES; MORTGAGE LOAN ORIGINATORS
Subchapter 6 - BOOKS AND RECORDS; EXAMINATIONS; ANNUAL REPORTS
Section 3:15-6.5 - Loan documentation file requirements for business licensees

Universal Citation: NJ Admin Code 3:15-6.5

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

(a) Each person licensed as a business licensee shall maintain for each first mortgage loan application the following data, if utilized by the licensee in connection with the first mortgage loan application:

1. The loan application;

2. The loan commitment;

3. The Truth-in-Lending disclosure statement;

4. All disclosures required by RESPA;

5. All other written disclosures required in connection with the loan transaction by State or Federal law;

6. The loan closing statement;

7. A copy of mortgage note or bond;

8. The adverse action or rejection of application letter;

9. The appraisal report; and

10. The credit report.

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