New Jersey § 17:11c-7

§ 17:11c-7.

The commissioner shall issue a license under this act if the following conditions

are met: a. An application for a new license or for a renewal of a license shall be submitted to

the commissioner on the forms and in the manner, and accompanied by such evidence

in support of the application, as required by this act and as may be prescribed by

the commissioner, and shall be accompanied by the required fees. b. (Deleted by amendment, P.L.2009, c. 53 ) c. If the commissioner finds that the financial responsibility, experience, character,

and general fitness of the applicant for a new license or for a renewal of a license

demonstrate that the business will be operated honestly, fairly, and efficiently within

the purposes of this act, and if all other licensing requirements of this act and

regulations promulgated by the commissioner are met, the commissioner shall issue

the license of the type sought by the applicant. d. A person already holding a license under this act , or a business license as a residential mortgage lender or residential mortgage broker

under the “New Jersey Residential Mortgage Lending Act,” sections 1 through 39 of P.L.2009, c. 53 ( C.17:11C-51 et seq. ), may apply to the commissioner to act as a consumer lender or as a sales finance company pursuant to the “Retail Installment Sales Act of 1960,”

P.L.1960, c. 40 ( C.17:16C-1 et seq. ), by filing with the commissioner an abbreviated application containing the information

which the commissioner deems necessary when considering whether to license that person

for that specific type of license along with an application fee for the amount set forth in subsection e. of section 8 of P.L.1996, c. 157 ( C.17:11C-8 ) . e. Any person filing for licensure shall submit to the commissioner the name, address, fingerprints and written consent for a criminal history record background

check to be performed on any officer, director, partner or owner of a controlling interest of that person . The commissioner is authorized to exchange fingerprint data with and receive criminal

history record information from the State Bureau of Identification in the Division

of State Police and the Federal Bureau of Investigation consistent with applicable

State and federal laws, rules and regulations, for the purposes of facilitating determinations

concerning licensure eligibility for the person, based upon any findings related to an officer, director, partner or

owner . The applicant shall bear the cost for the criminal history record background check . The Division of State Police shall promptly notify the commissioner in the event an officer, director, partner or owner of the person , who was the subject of a criminal history record background check pursuant to this

section, is arrested for a crime or offense in this State after the date the background

check was performed , whether the person is a prospective new licensee, or subsequently, a current license

holder .