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Current as of January 01, 2024 | Updated by Findlaw Staff
The provisions of sections 3 through 12 of this act 1 shall not apply to:
(1) a person exempt from licensure as a residential mortgage lender pursuant to the “New Jersey Residential Mortgage Lending Act,” P.L.2009, c. 53 (C.17:11C-51 through C.17:11C-89), while servicing residential mortgage loans made pursuant to the exemption;
(2) a person servicing five or fewer residential mortgage loans within any period of twelve consecutive months;
(3) any agency of the federal government, any state or municipal government or any quasi-governmental agency servicing residential mortgage loans under the specific authority of the laws of any state or the United States; and
(4) a person exempt from licensure as a mortgage servicer pursuant to paragraphs (1), (2), and (3) of subsection b. of section 3 of this act.
Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 16F-45 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-16f-45/
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.
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