New Jersey Administrative Code
Title 3 - BANKING
Chapter 25 - DEBT ADJUSTMENT AND CREDIT COUNSELING
Subchapter 4 - ADDITIONAL REQUIREMENTS FOR HIGH-COST HOME LOAN CREDIT COUNSELING
Section 3:25-4.5 - Books and records
Universal Citation: NJ Admin Code 3:25-4.5
Current through Register Vol. 56, No. 18, September 16, 2024
(a) All agencies registered as high-cost home loan credit counselors shall maintain a current and continuing list of all individuals employed by them to provide high-cost home loan credit counseling.
(b) As part of its annual report to the Department, and at any time the Department requests, a high-cost home loan credit counselor shall submit to the Department a certified list of all individuals employed by it who provided such counseling and attest that those individuals are in compliance with the minimum requirements of 3:25-4.2.
(c) The high-cost home loan credit counselor shall maintain the following business records:
1. Copies of all certifications issued by it
in the preceding three years;
2.
The names of all consumers who applied to the agency for high-cost home loan
credit counseling, which application did not result in the issuance of a
certification, with an indication of the reason(s) for the non-issuance of the
certification; and
3. The fees
received for each certification issued by the counselor and the identity of the
payor of the fee.
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