N.J. Admin. Code § 19:30-6.7

Current through Register Vol. 56, No. 12, June 17, 2024

Section 19:30-6.7 - Fee waiver

(a) The Chief Executive Officer may, with the approval of the members of the Board, waive certain fees upon demonstration by an applicant that the imposition of the fee(s) would impose an undue financial hardship.

(b) The members may adopt criteria for the waiving of fees in an open public meeting and delegate authority to the Chief Executive Officer for approving fee waivers under those criteria. The criteria may include, but are not limited to, the nature of the applicant or whether the fee presents an undue financial hardship for the applicant.

(c) The members may delegate to the Chief Executive Officer, who may further delegate authority to waive a loan commitment extension fee; or authority to waive late fees when the cause for the late fee is beyond the control of the borrower.

(d) The Chief Executive Officer, with the approval of the members, may waive, postpone, or decrease fees for municipal governmental agency(s), State agency projects, or transactions that support multi-jurisdictional, interstate projects. In the case of State agency projects, such waiver, postponement, or decrease shall be in accordance with the directives of the State Treasurer regarding the specific State agency projects.

N.J. Admin. Code § 19:30-6.7

New Rule, R.1995 d.435, effective 8/21/1995.
See: 27 N.J.R. 2377(a), 27 N.J.R. 3216(a).
Amended by R.1999 d.77, effective 3/1/1999.
See: 31 N.J.R. 33(b), 31 N.J.R. 671(a).
Added a third sentence.
Amended by R.2000 d.297, effective 7/17/2000.
See: 32 N.J.R. 1705(a), 32 N.J.R. 2602(c).
Rewrote section.
Amended by R.2005 d.274, effective 8/15/2005.
See: 37 N.J.R. 1714(a), 37 N.J.R. 3058(a).
Substituted "Chief Executive Officer" for "Executive Director" throughout.
Amended by R.2006 d.369, effective 10/16/2006.
See: 38 N.J.R. 3001(a), 38 N.J.R. 4503(a).
Rewrote the second sentence.
Amended by R.2010 d.178, effective 8/16/2010.
See: 42 N.J.R. 904(a), 42 N.J.R. 1900(b).
Deleted "as described in this subchapter," following "certain fees".
Amended by R.2010 d.285, effective 12/6/2010.
See: 42 N.J.R. 2019(a), 42 N.J.R. 2969(a).
Inserted "extension".
Amended by R.2013 d.085, effective 6/17/2013.
See: 45 N.J.R. 631(a), 45 N.J.R. 1564(a).
Inserted a comma preceding "or Senior Vice President" and following "postpone" and "postponement", substituted a comma for "or" preceding the first occurrence of "State", and inserted ", or conduit bond transactions that support multi-jurisdictional, interstate projects".

Amended by 55 N.J.R. 1476(a), effective 7/17/2023