download the new version for android New Jersey residential appliance installer license prep class

Criminal background check for owners, principals, officers, directors, partners, members and managers of LLCs, and shareholders owning 10 percent or more of business applicant.Surety bond in the minimum amount of $150,000.

Tangible net worth of at least $250,000.

Any individual who offers or negotiates terms of a residential mortgage loan: (1) with or behalf of an immediate family member or (2) secured by a dwelling that served as the individual’s residence.

Any employer, who is not a residential mortgage lender, who provides residential mortgage loans to his employees as a benefit of employment and which are not in excess of the usury rate in New Jersey at the time the loan is made and on which the borrower has not agreed to pay, directly or indirectly, any charge, cost, expense or any fee whatsoever, other than interest.

A person licensed as a NJ real estate broker or salesperson and not engaged in the business of a residential mortgage lender or residential mortgage broker.

A licensed attorney who negotiates a residential mortgage loan on behalf of a client as an ancillary matter to attorney representation, unless compensated by a residential mortgage lender or residential mortgage broker.Residential mortgage loans include both first and second mortgage loans on New Jersey property. Home > Banking Division > Banking Licensees > Licensure Under RMLAĪny business entity, including a sole proprietorship, who for compensation or gain, or in the expectation of compensation or gain, either directly or indirectly takes a residential mortgage loan application, or offers, negotiates, originates, or acquires residential mortgage loans in the primary market.

Download the new version for android New Jersey residential appliance installer license prep class