17:10C-2 Board duties.
117 words·~1 min read·
/nj/title-17/chapter-10c/17-10c-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
2. The board shall act as a resource to the commissioner by developing and recommending to the commissioner ideas, programs and tools to assist:
a. in the development of educational requirements for licensees;
b. licensed residential mortgage lenders, residential mortgage brokers, and mortgage loan originators in meeting the mortgage lending needs of consumers;
c. other consumer finance licensees in meeting the lending needs of consumers; and
d. consumers in understanding and using:
(1)residential mortgage lending information and choosing from available mortgage lending opportunities through licensed residential mortgage lenders, residential mortgage brokers, and mortgage loan originators in this State; and
(2)consumer lending information and choosing from available consumer lenders.
L.1995, c.2, s.2; amended 2009, c.53, s.62.