New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 11C-11

a. (1) Each consumer lender or sales finance company license issued pursuant to this act shall expire at the end of the license period of not less than two years as set by the commissioner by regulation.

(2) A licensee may surrender any license by delivering to the commissioner written notice that the license is surrendered, along with the license, and complying with any regulation set forth by the commissioner concerning the license surrender, but the surrender shall not affect the licensee's civil or criminal liability for an act committed prior to the surrender.

(1) For any license or registration issued before the effective date of the “New Jersey Residential Mortgage Lending Act,” sections 1 through 39 of P.L.2009, c. 53 (C.17:11C-51 et seq.), the license or registration shall expire on June 30, 2009.

(2) For any license or registration issued on or after July 1, 2009:

(3) Thereafter, the person licensed or registered shall only continue to engage in any activities for which the license or registration was previously issued if licensed under the “New Jersey Residential Mortgage Lending Act,” sections 1 through 39 of P.L.2009, c. 53 (C.17:11C-51 et seq.).