N.J. Admin. Code § 3:25-4.5
Current through Register Vol. 56, No. 24, December 18, 2024
Section 3:25-4.5 - Books and records(a) All agencies registered as high-cost home loan credit counselors shall maintain a current and continuing list of all individuals employed by them to provide high-cost home loan credit counseling.(b) As part of its annual report to the Department, and at any time the Department requests, a high-cost home loan credit counselor shall submit to the Department a certified list of all individuals employed by it who provided such counseling and attest that those individuals are in compliance with the minimum requirements of N.J.A.C. 3:25-4.2.(c) The high-cost home loan credit counselor shall maintain the following business records: 1. Copies of all certifications issued by it in the preceding three years;2. The names of all consumers who applied to the agency for high-cost home loan credit counseling, which application did not result in the issuance of a certification, with an indication of the reason(s) for the non-issuance of the certification; and3. The fees received for each certification issued by the counselor and the identity of the payor of the fee.N.J. Admin. Code § 3:25-4.5