New Jersey § 17:11c-84

§ 17:11c-84.

a. The commissioner may investigate or examine any residential mortgage lender, residential

mortgage broker, mortgage loan originator, or other person as the commissioner deems

necessary to determine compliance with this act and the orders, rules and regulations

issued hereunder. For these purposes, the commissioner may examine the books, accounts, records and

other documents or matters of any licensee, maintained pursuant to section 21 of this

act, 1 or other person. Each licensee shall be subject to an examination by the commissioner, not more than

once in any 9-month period, unless the commissioner has reason to believe that the

licensee is not complying with the provisions of this act or any rule or regulation

promulgated hereunder, or is not transacting business in accordance with law, in which

case the commissioner may conduct an examination at any time. The commissioner shall have the power to compel by subpoena the production of all

relevant books, accounts, records and other documents and materials relative to an

examination or investigation. Examinations conducted under the provisions of this act shall be confidential;

notwithstanding this confidentiality, the examinations shall be subject to: (1) reporting

and sharing procedures established by the Nationwide Mortgage Licensing System and

Registry pursuant to subsection b. of section 12 of this act; 2 and (2) public disclosure as required in the administration, enforcement and prosecution

of violations under this act or pursuant to court order. The cost of any investigation or examination shall be borne by the licensee. b. The commissioner or the commissioner's designee shall have power to issue subpoenas

to compel the attendance of witnesses and the production of documents, papers, books,

accounts, records and other evidence before him in any matter over which he has jurisdiction

pursuant to this act, and to administer oaths and affirmations to any person. c. If any person shall refuse to obey a subpoena, or to give testimony or to produce

evidence as required thereby, the commissioner may apply ex parte to any court having

jurisdiction over that person for an order compelling the appearance of the witness

before the commissioner to give testimony or to produce evidence as required thereby,

or both. 1

N.J.S.A. § 17:11C-71. 2

N.J.S.A. § 17:11C-62.