N.J. Admin. Code § 3:25-2.5
Current through Register Vol. 56, No. 21, November 4, 2024
Each licensee shall have its financial records relating to debt adjustment audited annually by a certified public accountant or a public accountant. The auditor shall certify that the salaries and expenses paid by the licensee are reasonable compared to those incurred by comparable organizations providing similar services. The licensee shall be responsible for submitting or verifying the submission of the audit report to the Commissioner within 30 days of its issuance.
N.J. Admin. Code § 3:25-2.5
See: 29 N.J.R. 2500(a), 29 N.J.R. 3719(a).
Amended by R.2002 d.59, effective 2/3/2003.
See: 34 N.J.R. 2552(a), 35 N.J.R. 607(b).
In the third sentence, substituted "licensee shall be responsible for submitting or verifying the submission of the audit report" for "audit report shall be submitted".
Recodified from N.J.A.C. 3:25-2.6 by R.2006 d.235, effective 6/19/2006.
See: 38 N.J.R. 10(a), 38 N.J.R. 2674(a).
Section was "Bond".