New Jersey Administrative Code
Title 3 - BANKING
Chapter 18 - FORECLOSURE CONSULTANTS
Subchapter 3 - BONDING
Section 3:18-3.2 - Beneficiaries of bond coverage
Universal Citation: NJ Admin Code 3:18-3.2
Current through Register Vol. 56, No. 18, September 16, 2024
The bond shall run to the State of New Jersey, pro rata, for the benefit of New Jersey consumers injured by the wrongful act, omission, default, fraud, or misrepresentation of the foreclosure consultant in the course of activity authorized by the license, and for the benefit of the Department for unpaid penalties, unpaid assessments, and any other unpaid obligations of the foreclosure consultant to the Department, including, but not limited to, returned items submitted to the Department in payment of penalties, charges, assessments, or fees.
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