N.J.S.A. 13:1B-15.115f — Charge, collection of application fee, appraisal costs.

13:1B-15.115f Charge, collection of application fee, appraisal costs. 6. a. The New Jersey Historic Trust may charge and collect an application fee to be paid in connection with any application for a loan pursuant to P.L.1991, c.41 (C.13:1B-115a et seq.), which fee shall be determined by the trust in regulation. All application fees collected pursuant to this subsection shall be deposited into the Historic Preservation Revolving Loan Fund created pursuant to section 1 of P.L.1991, c.41 (C.13:1B-15.115a). b. In connection with any application for a loan pursuant to P.L.1991, c.41 (C.13:1B-115a et seq.), the New Jersey Historic Trust may require the applicant to pay for the cost of any appraisal, credit investigation or report, survey, or other professional service performed by a third party that is deemed necessary by the trust to properly evaluate the application and may also require the applicant to pay loan closing costs. L.1995,c.217,s.6; amended 2025, c.160, s.4.

This is the verbatim text of N.J.S.A. 13:1B-15.115f, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.