N.J. Admin. Code § 3:25-4.5

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:25-4.5 - Books and records

(a) All agencies registered as high-cost home loan credit counselors shall maintain a current and continuing list of all individuals employed by them to provide high-cost home loan credit counseling.

(b) As part of its annual report to the Department, and at any time the Department requests, a high-cost home loan credit counselor shall submit to the Department a certified list of all individuals employed by it who provided such counseling and attest that those individuals are in compliance with the minimum requirements of 3:25-4.2.

(c) The high-cost home loan credit counselor shall maintain the following business records:

1. Copies of all certifications issued by it in the preceding three years;

2. The names of all consumers who applied to the agency for high-cost home loan credit counseling, which application did not result in the issuance of a certification, with an indication of the reason(s) for the non-issuance of the certification; and

3. The fees received for each certification issued by the counselor and the identity of the payor of the fee.

N.J. Admin. Code § 3:25-4.5