New Jersey Administrative Code
Title 3 - BANKING
Chapter 18 - FORECLOSURE CONSULTANTS
Subchapter 9 - ADMINISTRATIVE ACTIONS AS TO APPLICANTS, LICENSEES, OR OTHER PERSONS
Section 3:18-9.3 - Failure to respond to notice

Universal Citation: NJ Admin Code 3:18-9.3

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

(a) The alleged violator's failure to respond, as required by the notice, within the time provided in the notice, shall be deemed to be an admission of all of the factual and legal allegations, charges, and conclusions contained in the notice, and no further proceeding shall be required prior to the conversion of the notice into a final order that imposes the administrative penalties and any other relief specified in the notice in accordance with the terms set forth in the notice, or prior to the execution of a final order that imposes the administrative penalties and other relief described in the notice.

(b) If no response is received within the time provided in any notice seeking to suspend or revoke a license to conduct foreclosure consulting activity and such notice did not provide for its conversion into a final order, in such event the Department shall prepare a final order suspending or revoking the license or authority to conduct such activity, and mail a copy of the order to the violator at his or her last known business address on file with the Department.

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