N.J. Admin. Code § 3:23-2.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 3:23-2.1 - Application fees

(a) All licensees governed by the Consumer Finance Licensing Act, N.J.S.A. 17:11C-1 to 50, shall be subject to the application fees specified in N.J.A.C. 3:17-3.2. All licensees governed by the Residential Mortgage Lenders Act, N.J.S.A. 17:11C-51 et seq., shall be subject to the application fees specified in N.J.A.C. 3:15-4.1.

(b) The following table indicates the application fees established by the Commissioner of Banking and Insurance for application fees other than those specified in N.J.A.C. 3:15-4.1 and 3:17-3.2.

Licensees	Application Fee
1. Money Transmitter
i. Money Transmitter (N.J.S.A. 17:15C-7a)	$ 700.00
ii. Foreign Money Transmitter (N.J.S.A. 17:15C-7a )	$ 700.00
2. Check Casher (N.J.S.A. 17:15A-33)	$ 700.00
3. Retail Installment Sales
i. Motor Vehicle Installment Seller (N.J.S.A. 17:16C-8)	$ 300.00
ii. Home Financing Agency (N.J.S.A. 17:16C-82(a))	$ 400.00
iii. Home Repair Contractor (N.J.S.A. 17:16C-82(b))	$ 300.00
iv. Home Repair Salesman (N.J.S.A. 17:16C-82(c))	$ 60.00
4. Insurance Premium Finance Company (N.J.S.A. 17:16D-4)	$ 500.00
5. Pawnbroker (N.J.S.A. 45:22-4)	$ 500.00
6. Debt Adjuster (N.J.S.A. 17:16G-1 et seq.)	$ 300.00
7. High Cost Home Loan Credit Counselor (N.J.S.A. 46:10B-22 et seq.)	$ 100.00
8. Foreclosure Consultants (N.J.S.A. 46:10B-55) (Business including Sole Proprietorship)	$ 500.00
9. Foreclosure Consultants (N.J.S.A. 46:10B-55) (Natural Persons)	$ 100.00

(c) Application fees are nonrefundable.

N.J. Admin. Code § 3:23-2.1

Amended by 47 N.J.R. 2669(a), effective 11/2/2015