New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 65 - RULES FOR MORTGAGE FORBEARANCE FOR SANDY-IMPACTED HOMEOWNERS
Subchapter 1 - RULES FOR MORTGAGE FORBEARANCE FOR SANDY-IMPACTED HOMEOWNERS
Section 5:65-1.7 - Required attestations by applicants

Universal Citation: NJ Admin Code 5:65-1.7

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

(a) Each applicant for mortgage forbearance shall be required to attest under penalty of law and to the best of his or her knowledge the following:

1. Without mortgage forbearance at this time, the applicant is unable to complete the construction or elevation work on his or her primary residence that remains as a result of damage sustained in Superstorm Sandy;

2. Mortgage forbearance for the length of time allowed by N.J.A.C. 5:65-1.6 will enable the applicant to commence or continue the construction or elevation work on his or her primary residence resulting from damage sustained in Superstorm Sandy; and

3. The applicant will use the mortgage-forbearance period and the suspended mortgage and interest payments to fund the construction or elevation work on his or her primary residence that remains as a result of damage sustained in Superstorm Sandy until the earlier of the completion of the construction or elevation work or the end of the mortgage forbearance period as determined pursuant to N.J.A.C. 5:65-1.6.

(b) Each applicant shall attest to the accuracy of all information submitted to the Department in support of an application for mortgage forbearance.

(c) Each applicant shall attest that he or she understands and accepts that the Department may, as part of its review process, take necessary steps to verify the accuracy of the information submitted by the applicant and agrees to cooperate with the Department in any such verification process.

(d) Each applicant shall attest that he or she understands and accepts that the Department may require verification of compliance with (a)3 above, and agrees to cooperate with the Department in any such verification process.

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