N.J. Admin. Code § 7:24A-2.6

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:24A-2.6 - Approval or disapproval of application

(a) Upon completion of its review of an application, the Department shall take one of the following actions:

1. Request additional information to complete the application;

2. Approve the application for priority ranking and possible loan; or

3. Disapprove the application.

(b) The Department shall promptly notify the applicant in writing of any disapproval and provide the reasons for such disapproval. A disapproval of an application shall not preclude its reconsideration during a subsequent application period if revised and resubmitted by the applicant.

N.J. Admin. Code § 7:24A-2.6