New Jersey Administrative Code
Title 3 - BANKING
Chapter 18 - FORECLOSURE CONSULTANTS
Subchapter 3 - BONDING
Section 3:18-3.6 - Surety companies to notify department of claims; claims payable only at the direction of the Department
Universal Citation: NJ Admin Code 3:18-3.6
Current through Register Vol. 56, No. 18, September 16, 2024
When a person submits a claim to a surety company against the bond of a business licensee, the surety company shall immediately notify the Department and shall not pay any claim unless and until directed to do so by the Department.
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