New Jersey Administrative Code
Title 3 - BANKING
Chapter 42 - PINELANDS DEVELOPMENT CREDIT BANK
Subchapter 3 - PROCEDURES GOVERNING THE SALE, CONVEYANCE, TRANSFER OR ENCUMBRANCE OF PINELANDS DEVELOPMENT CREDITS
Section 3:42-3.2 - Application for Pinelands Development Credit Certificate

Universal Citation: NJ Admin Code 3:42-3.2

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

(a) Application for a Pinelands Development Credit Certificate shall be made to the Executive Director in such form and number as he shall from time to time specify.

(b) The Executive Director may waive or modify any of the application requirements set forth in (c) below if he determines that any required information is not relevant or necessary for purposes of issuing a Pinelands Development Credit Certificate.

(c) The following information shall be included in applications for Pinelands Development Credit Certificates:

1. The applicant's name and mailing address;

2. The property owner's name and address, if different from the applicant's, and a signed consent to the filing of the application;

3. The deed to the property to which Pinelands Development Credits are allocated;

4. A letter of interpretation from the Pinelands Commission, pursuant to N.J.A.C. 7:50-4.7 1 et seq., attesting to the number of Pinelands Development Credits allocated to the property;

5. The municipal tax block and lot number and a copy of the municipal tax map sheet(s) showing the property to which Pinelands Development Credits are allocated;

6. A title search of the property to which Pinelands Development Credits are allocated which covers at least the 60 years preceding the date of application except for Pinelands Development Credits transferred before April 4, 1988 (the effective date of these rules), in which case sufficient evidence of marketable title as exists shall be submitted;

7. A certification from the property owner that he has marketable title to the property to which Pinelands Development Credits are allocated and is legally empowered to restrict the use of this property in accordance with the Pinelands Comprehensive Management Plan, 7:50-5.4 7, except for Pinelands Development Credits transferred before April 4, 1988 (the effective date of these rules);

8. A properly executed and recorded restriction on the deed to the property in accordance with the Pinelands Comprehensive Management Plan, 7:50-5.4 7; and

9. Such other information as the Executive Director may determine is necessary in order to issue a Pinelands Development Credit Certificate.

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