Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 16F-31 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-16f-31/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)