New Jersey Administrative Code
Title 3 - BANKING
Chapter 23 - FEES, LICENSE TERMS AND ANNUAL REPORTS FOR LICENSEES
Subchapter 2 - APPLICATION FEES AND LICENSE TERMS
Section 3:23-2.1 - Application fees

Universal Citation: NJ Admin Code 3:23-2.1

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

(a) All licensees governed by the Consumer Finance Licensing Act, 17:11C-1 to 50, shall be subject to the application fees specified in 3:17-3.2. All licensees governed by the Residential Mortgage Lenders Act, 17:11C-51 et seq., shall be subject to the application fees specified in 3:15-4.1.

(b) The following table indicates the application fees established by the Commissioner of Banking and Insurance for application fees other than those specified in 3:15-4.1 and 3:17-3.2.

LicenseesApplication Fee
1. Money Transmitter
i. Money Transmitter (N.J.S.A. 17:15C-7a)$ 700.00
ii. Foreign Money Transmitter (N.J.S.A. 17:15C-7a )$ 700.00
2. Check Casher (17:15A-33) $ 700.00
3. Retail Installment Sales
i. Motor Vehicle Installment Seller (17:16C-8) $ 300.00
ii. Home Financing Agency (17:16C-82(a) ) $ 400.00
iii. Home Repair Contractor (17:16C-82(b) )$ 300.00
iv. Home Repair Salesman (17:16C-82(c) ) $ 60.00
4. Insurance Premium Finance Company (17:16D-4) $ 500.00
5. Pawnbroker (45:22-4) $ 500.00
6. Debt Adjuster (17:16G-1 et seq.)$ 300.00
7. High Cost Home Loan Credit Counselor (46:10B-22 et seq.) $ 100.00
8. Foreclosure Consultants (46:10B-55) (Business including Sole Proprietorship)$ 500.00
9. Foreclosure Consultants (46:10B-55) (Natural Persons)$ 100.00

(c) Application fees are nonrefundable.

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