On August 24, 2018 Gov. Phil Murphy (D-NJ) signed into law A.N. 2035 (2018) which amends several provisions of the “New Jersey Residential Mortgage Lending Act” (N.J. Stat. Ann. §§ 17:11C-51 et seq.), including what types of fees mortgage brokers may charge and enhanced definitions of such charges under Ibid. § 17:11C-74 (go to https://www.njleg.state.nj.us/bills/BillView.asp, and type in A2035). Per Section 17 of this bill, the effective date is the 90th day after enactment (November 22, 2018).
We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (https://compliance.docutech.com/).