All banks, savings banks and State associations shall verify the payment of taxes by mortgage borrowers at least annually on or before January 15 of each year, either by requiring the presentation of receipted tax bills or by examining or having examinations made of the tax records.
N.J. Admin. Code § 3:7-2.3
See: 9 New Jersey Register 452(a), 9 New Jersey Register 556(a).
Amended by R.2000 d.481, effective 12/4/2000.
See: 32 New Jersey Register 3358(a), 32 New Jersey Register 4253(a).
Inserted a reference to State associations.