N.J.S.A. 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.

This is the verbatim text of N.J.S.A. 17:16F-31, 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.