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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-45: Inapplicability.
19. The provisions of sections 3 through 12 of this act 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.
L.2019, c.65, s.19.
This section added to the Rutgers Database: 2019-05-11 16:07:32.
Older versions of 17:16f-45 (if available):
Court decisions that cite this statute:
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