N.J. Admin. Code § 7:1A-2.26
Current through Register Vol. 56, No. 21, November 4, 2024
Administrative changes by the Department, such as change in the designation of key Department personnel or of the office to which a report is to be transmitted by the borrower, or a change in the payment schedule for loans for planning, design, and construction of water supply projects, constitute changes to the loan award document (but not necessarily to the project work) and do not affect the substantive rights of the Department or the borrower. The Department may issue such changes unilaterally. Such changes shall be in writing and shall generally be effected by a letter (certified mail, return receipt requested) to the borrower.
N.J. Admin. Code § 7:1A-2.26
See: 16 New Jersey Register 631(a), 16 New Jersey Register 1479(a).
"Administrative loan changes" was formerly codified at N.J.A.C. 7:1A-2.27.