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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 16f: Legislative findings and declarations
Section: 17:16f-31: Filing of information relative to mortgages serviced.
5. 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.
L.2019, c.65, s.5.
This section added to the Rutgers Database: 2019-05-11 16:07:06.
Older versions of 17:16f-31 (if available):
Court decisions that cite this statute:
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