New Jersey Administrative Code
Title 3 - BANKING
Chapter 17 - CONSUMER LENDERS AND SALES FINANCE COMPANIES
Subchapter 2 - LICENSING
Section 3:17-2.6 - Late renewal of licenses; late filing fees; reinstatement fees

(a) A person who submits a renewal application after the expiration of the license, but no later than 30 calendar days after such expiration, may renew by paying a penalty for late filing of $ 500.00.

(b) A person who submits a renewal application later than 30 but no more than 60 calendar days following the expiration of the license shall be required to submit an application for reinstatement of the license. Such application for reinstatement shall be on a form as prescribed by the Commissioner and shall be accompanied by a penalty for late filing of $ 700.00 per license.

(c) A person who submits a renewal application later than 60 days following the expiration of the license shall be required to submit an application with the non-refundable application fee as specified in N.J.A.C. 3:17-3.

(d) Payment of the fees or penalties under (a), (b) and (c) above shall be submitted in the form of a check made payable to "Treasurer--State of New Jersey."

(e) The date of submission for this section shall be the date on which the electronically submitted complete renewal application was accepted for processing.

(f) Submission of an application for renewal of a license following the expiration of a licensing period does not authorize the formerly licensed person or entity to engage in any activity subject to licensure prior to the renewal of their license. The Department may take administrative action against anyone who engages in a licensed activity without being properly licensed.