N.J. Stat. § 17:16F-36

Current through L. 2024, c. 62.
Section 17:16F-36 - Disclosures to mortgagor

Upon assignment of servicing rights on a residential mortgage loan, the mortgage servicer shall disclose to the mortgagor:

a. any notice required by the "Real Estate Settlement Procedures Act of 1974" ( 12 U.S.C. s.2601 et seq.), and the regulations promulgated thereunder, and within the time periods prescribed therein; and
b. a schedule of the ranges and categories of its costs and fees for its servicing-related activities, which shall comply with State and federal law and, if the disclosure is made by a mortgage servicer licensee, shall not exceed those reported to the commissioner in accordance with section 5 of this act.

N.J.S. § 17:16F-36

Added by L. 2019, c. 65,s. 10, eff. 7/28/2019.