New Jersey Administrative Code
Title 3 - BANKING
Chapter 17 - CONSUMER LENDERS AND SALES FINANCE COMPANIES
Subchapter 5 - BOOKS AND RECORDS; EXAMINATIONS; ANNUAL REPORTS
Section 3:17-5.5 - Documentation
Universal Citation: NJ Admin Code 3:17-5.5
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The borrower, or an agent applying on behalf of a borrower, shall sign each loan application. If more than one borrower applies, each borrower and each agent applying on behalf of a borrower shall sign the application.
(b) Each credit report for which an applicant is charged a separate fee shall be memorialized in a written memorandum or other written documentation. The memorandum or documentation shall indicate that the credit history of the applicant was investigated and by whom.
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