New Jersey Administrative Code
Title 3 - BANKING
Chapter 19 - HOME REPAIR FINANCING ACT REGULATIONS
Subchapter 1 - GENERAL
Section 3:19-1.2 - Licensing requirement
Universal Citation: NJ Admin Code 3:19-1.2
Current through Register Vol. 56, No. 18, September 16, 2024
(a) In the administration of the Home Repair Financing Act, 17:16C-62(d) and 77(a), the following will be deemed to require licensing as a "home repair contractor":
1. A person who, for his or her
own account, solicits and procures the execution of a home repair contract by
an owner, and who signs said home repair contract as a contractor, or who has
such a home repair contract solicited and executed on his or her behalf by his
or her salesperson, whether or not such contract is subsequently assigned to,
or performed by, another; and
2. A
person who assumes, by assignment, performance or otherwise, the contractual
responsibility to perform a home repair contract, and benefits
thereunder.
(b) In the administration of the Home Repair Financing Act, 17:16C-62(n) and 77(a), the following will be deemed to require licensing as a "home repair salesperson":
1. A person who contracts or who
solicits, arranges, discusses or otherwise negotiates with an owner, directly
or indirectly, and in so doing procures any written memorandum, agreement,
estimate, contract or any other writing which subsequently results in the
execution of a home repair contract between an owner and a home repair
contractor.
(c) The application fee for a home repair contractor shall be $ 300.00 and $ 60.00 for a home repair salesperson.
(d) Application fees are not refundable.
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