Permits mortgage loan originators to work from remote locations under certain circumstances.
Passed Senate (39-0)
Summary
The bill lets licensed mortgage loan originators in New Jersey perform their duties from their residence or another remote location, as long as they follow written supervisory policies and a security plan. It requires that no face‑to‑face customer meetings occur at the remote site unless the site is a licensed location and that physical records are not kept there.
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