New Jersey § 17:11c-65
Full text of New Jersey New Jersey Statutes § 17:11c-65, with citation guidance and answers to common questions.
§ 17:11c-65.
a. A residential mortgage lender or residential mortgage broker that is a business
licensee may maintain a branch office or offices. The business licensee shall obtain a license for each branch office in this State
and each branch office outside this State from which the licensee has direct contact
with New Jersey consumers regarding origination or brokering. b. The commissioner shall issue a branch office license for a residential mortgage
lender or broker if: (1) The business licensee has submitted a completed branch office application form,
which includes any information required by the commissioner concerning the branch
office, and an application fee pursuant to section 8 of this act; 1 (2) The application for the branch office demonstrates that the office is in a suitable
location; and (3) The application contains a certification that the office is covered by the business
licensee's surety bond, required of that licensee pursuant to section 13 of this act. 2 c. Each branch office shall be under the supervision of a branch manager. A branch manager shall supervise only one branch office at any given time except
as may be permitted by the commissioner in accordance with applicable rules. In order to act in the capacity as a branch manager, an individual shall either
possess a mortgage loan originator license or, if unlicensed, the qualified individual
licensee of the business licensee shall certify that when acting in the capacity of
a branch manager the unlicensed individual shall not engage in any activity that would
require licensure as a mortgage loan originator. 1
N.J.S.A. § 17:11C-58. 2
N.J.S.A. § 17:11C-63.
Frequently Asked Questions About New Jersey § 17:11c-65
What does New Jersey Statutes § 17:11c-65 cover?
Section 17:11c-65 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-65?
A common citation format is "New Jersey Statutes § 17:11c-65" (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-65 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.