New Jersey § 17:11c-58
Full text of New Jersey New Jersey Statutes § 17:11c-58, with citation guidance and answers to common questions.
§ 17:11c-58.
a. An applicant for a new license or for a renewal of a license to be a residential
mortgage lender or residential mortgage broker, as a business licensee: (1) Shall pay to the commissioner at the time of the application a nonrefundable application
fee, as established by the commissioner through regulation, not to exceed $2,800. The nonrefundable application fee is required for each residential mortgage lender
or broker license issued, including for each branch office license of a business licensee. (2) Shall additionally pay to the Nationwide Mortgage Licensing System and Registry
any required fees as set forth by that nationwide system and registry, or any commissioner's
fees, which by arrangement of the commissioner, are payable to the nationwide system
and registry on behalf of the commissioner. b. An applicant for a new license or for a renewal of a license as a qualified individual licensee: (1) Shall pay to the commissioner at the time of the application a nonrefundable application
fee, as established by the commissioner through regulation, not to exceed $500. (2) Shall additionally pay to the Nationwide Mortgage Licensing System and Registry
any required fees as set forth by that nationwide system and registry, or any commissioner's
fees, which by arrangement of the commissioner, are payable to the nationwide system
and registry on behalf of the commissioner. c. An applicant for a new license or for a renewal of a license to be a mortgage loan
originator or transitional mortgage loan originator : (1) Shall pay to the commissioner at the time of the application a nonrefundable application
fee, as established by the commissioner through regulation, not to exceed $500. A mortgage loan originator, who changes the employment affiliation on his license to a different business licensee, shall be required to submit any documentation required
by regulation and comply with all requirements applicable to such changes of employment as prescribed
by rule . (2) Shall additionally pay to the Nationwide Mortgage Licensing System and Registry
any required fees as set forth by that nationwide system and registry, or any commissioner's
fees, which by arrangement of the commissioner, are payable to the nationwide system
and registry on behalf of the commissioner.
Frequently Asked Questions About New Jersey § 17:11c-58
What does New Jersey Statutes § 17:11c-58 cover?
Section 17:11c-58 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:11c-58?
A common citation format is "New Jersey Statutes § 17:11c-58" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:11c-58 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.