N.J. Stat. § 17:16F-31

Current through L. 2024, c. 87.

Section 17:16F-31 - Filing of information relative to mortgages serviced

At least annually, a mortgage servicer shall file with the commissioner the following information with respect to mortgages that it services in this State:

a. a current schedule of the ranges of costs and fees it charges mortgagors for its servicing-related activities;

b. a report in a form and format acceptable to the commissioner detailing the mortgage servicer's activities in the State, including:

(1) the number of residential mortgage loans the mortgage servicer is servicing; and

(2) the type and characteristics of the residential mortgage loans the mortgage servicer is servicing;

c. the number of serviced residential mortgage loans in default, along with a breakdown of 30, 60, and 90-days of delinquency;

d. a description of the mortgage servicer's loss mitigation activities, including details on workout arrangements undertaken; and

e. the number of foreclosures commenced.

N.J.S. § 17:16F-31

Added by L. 2019, c. 65,s. 5, eff. 7/28/2019.