Tag Archive: "New Jersey"
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New Jersey Issues Bulletin Regarding 2020 High-Cost Home Loan Dollar Adjustment
The New Jersey Department of Banking and Insurance has issued a bulletin setting out the maximum principal amount for loans that may be considered “high-cost home loans” under the New Jersey Home Ownership Security Act of 2002. The adjusted dollar amount is effective for loan applications received on or after January 1, 2020.
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New Jersey Amends Provisions Regarding Foreclosure
The state of New Jersey has recently amended its provisions relating to foreclosure, effective immediately.
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New Jersey Enacts Provisions Regarding Mortgage Servicers Licensing Act
The state of New Jersey has recently enacted provisions relating to its Mortgage Servicers Licensing Act which include initial licensing and surety bond notification, reporting, and renewal requirements. These provisions are effective on July 29, 2019.
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New Jersey Enacts Provisions Regarding Disclosure of Online Security Breach
The state of New Jersey has recently enacted provisions regarding the disclosure of a security breach of an online account, effective September 1, 2019.
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New Jersey Modifies Provisions Regarding Residential Mortgage Lending Act
The state of New Jersey has recently amended its Residential Mortgage Lending Act. These provisions are effective immediately.
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New Jersey Enacts Provisions Regarding Foreclosure
The state of New Jersey has recently enacted several foreclosure-related bills. The effective dates range from immediately to November 1, 2019.
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New Jersey Issues Bulletin Regarding 2019 High-Cost Home Loan Dollar Adjustment
The adjusted dollar amount is effective for loan applications received on or after January 1, 2019.
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New Jersey Amends Licensing Provisions under RMLA
The state of New Jersey has recently amended provisions under its Residential Mortgage Lending Act (RMLA). These amendments are effective on November 22, 2018.
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New Jersey Adopts Provisions Regarding Appraisal Fees
The state of New Jersey has recently lessened the state’s restrictions on appraisal fees, effective immediately.
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New Jersey Issues Bulletin Regarding 2018 High-Cost Home Loan Dollar Adjustment
The New Jersey Department of Banking and Insurance has issued a Bulletin setting out the maximum principal amount for loans that may be considered “high-cost home loans” under the New Jersey Home Ownership Security Act of 2002. The adjusted dollar amount may be effective for loan applications received on or after January 1, 2018.