New Jersey § 17:11c-62

§ 17:11c-62.

a. An applicant for an initial license or for a renewal of a license as a mortgage

loan originator , transitional mortgage loan originator, or a qualified individual licensee shall, as a licensing requirement, be registered

and assigned a unique identifier through the Nationwide Mortgage Licensing System

and Registry. b. (1) In order to ensure compliance by an applicant with this registration requirement,

the commissioner shall utilize, as required or permitted by the “Secure and Fair Enforcement

for Mortgage Licensing Act of 2008,” title V of Pub.L.110-289 ( 12 U.S.C. s.5101 et seq. ) and as otherwise deemed appropriate by the commissioner, the Nationwide Mortgage

Licensing System and Registry. (2) The commissioner is authorized, through regulation, to coordinate the registration

of an applicant through the nationwide system and registry with the State licensing

of the applicant under this act, on any matters deemed necessary by the commissioner

for participation in that nationwide system and registry, including but not limited

to: (a) background checks, including a criminal history record background check, a check

of administrative and civil records, and a credit history check as set forth in section

7 of this act, and concerning any other information deemed necessary by the nationwide

system and registry; (b) setting or resetting of license renewal dates, and requirements for amending or

surrendering a license; (c) reporting requirements as set forth pursuant to section 35 of this act; and (d) payment of any required fees, as established by the commissioner and payable to

the commissioner or to the nationwide system and registry on behalf of the commissioner,

and as set forth by the nationwide system and registry and payable to that nationwide

system and registry. (3) The commissioner shall, in order to participate in the nationwide system and registry,

regularly report violations of this act by an applicant or licensee, as well as information

concerning enforcement actions on those violations, along with any other relevant

information, to the nationwide system and registry, in a manner and frequency established

by that nationwide system and registry. (4) The commissioner shall, in order to participate in the nationwide system and registry,

establish by regulation a process by which an applicant or current licensee may request

access to the applicant's or licensee's information or material provided to, received

from, or collected by the nationwide system and registry, and a process by which that

applicant or licensee may correct, amend or delete information or material disputed

as incorrect or incomplete. (5) Except as provided under section 1512 of the federal “Secure and Fair Enforcement

for Mortgage Licensing Act of 2008,” Pub.L.110-289 ( 12 U.S.C. s.5111 ), any requirement under federal or State law, including P.L.1963, c. 73 ( C.47:1A-1 et seq. ), regarding the privacy or confidentiality of any information or material provided

to, received from, or collected by the nationwide system and registry, and any privilege

arising under federal or State law, including any rules of court, with respect to

the information or material, shall continue to apply after the information or material

has been provided to, received from, or collected by the nationwide system and registry. The privacy, confidentiality, or privilege shall also continue to apply with respect

to the sharing of the information or material, pursuant to procedures set forth by

the nationwide system and registry, with any federal banking agency or other federal

agency with mortgage industry oversight authority, or any state agency with mortgage

industry oversight authority. This paragraph shall not apply to any information or material relating to the employment

history of, and publicly adjudicated disciplinary or enforcement actions against,

an applicant or licensee that is included in the nationwide system and registry for

access by the public, based upon reasonable standards established by the nationwide

system and registry. (a) In order to ensure the application of privacy, confidentiality, and privilege

protections to information and material as set forth in this paragraph, the commissioner

may enter into any necessary arrangement with the nationwide system and registry,

other federal or state agency, the Conference of State Bank Supervisors or its successor

organization, or other organization representing a federal or state agency, regarding

information and material the commissioner shares, and information and materials shared

with the commissioner. (b) The information and material subject to privacy, confidentiality, or privilege

protections as set forth in this paragraph, notwithstanding any provisions of P.L.1963,

c. 73 ( C.47:1A-1 et seq. ) or any other State law concerning open records to the contrary, shall not be subject

to: (i) disclosure under any federal or State law governing the disclosure to the public

of information or material held by an officer or agency of the federal government

or any state; or (ii) subpoena or discovery, or admission into evidence, in any private civil action

or administrative process, except with respect to any privacy, confidentiality, or

privilege held by the nationwide system and registry connected to an applicant's or

licensee's information or material that the applicant or licensee gives permission

to waive, in whole or in part.