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#2154462 - 11/21/17 07:41 PM NJDOBI Mortgage Fee Disclosure
Reads Regs Offline
Diamond Poster
Joined: Nov 2004
Posts: 2,307
A colleague on the New Jersey Bankers Association's (NJBA) Compliance Committee pointed out to us that the NJDOBI will require a specific form for the disclosures required by NJAC 3:1-16.3. This relates to the disclosure of mortgage fees. If you are state-chartered, read here for more information. http://www.state.nj.us/dobi/division_banking/ocf/index.htm

Link to new form required as of 1/1/18. http://www.state.nj.us/dobi/division_banking/ocf/NJ_Application_Disclosure_Form_20170927.pdf
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Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

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#2154672 - 11/22/17 07:26 PM Re: NJDOBI Mortgage Fee Disclosure Reads Regs
Sinatra Fan Offline
Power Poster
Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
Thanks! We're not state-chartered, but almost all of our brokers and correspondents are.
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Management is doing things right; leadership is doing the right things. Peter Drucker

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