2020 New Jersey Revised Statutes
Title 17 - Corporations and Institutions for Finance and Insurance
Section 17:16F-31 - Filing of information relative to mortgages serviced.
17:16F-31 Filing of information relative to mortgages serviced.
5. At least annually, a mortgage servicer shall file with the commissioner the following information with respect to mortgages that it services in this State:
a. a current schedule of the ranges of costs and fees it charges mortgagors for its servicing-related activities;
b. a report in a form and format acceptable to the commissioner detailing the mortgage servicer's activities in the State, including:
(1) the number of residential mortgage loans the mortgage servicer is servicing; and
(2) the type and characteristics of the residential mortgage loans the mortgage servicer is servicing;
c. the number of serviced residential mortgage loans in default, along with a breakdown of 30, 60, and 90-days of delinquency;
d. a description of the mortgage servicer's loss mitigation activities, including details on workout arrangements undertaken; and
e. the number of foreclosures commenced.
L.2019, c.65, s.5.
