Flash Update | Licensed in New Jersey? Annual Report Due 5/1/19

Who Needs to File an Annual Report?

  • ALL NEW JERSEY BANKING DIVISION LICENSEES who held an active license at any time from through December 31, January 1, 2018 are required to file an annual report. Please note, you are still required to fill out an annual report even if you did not do any business in 2018.

 

  • If you were actively licensed on December 31, 2018 in the State of New Jersey, your annual report must reflect the total activity of your business as of the end of 2018. If you surrendered your license during 2018 (closed your business, merged with another company, etc…), your annual report must reflect the total activity of your business as of the date of surrender. For example, if you closed your business on March 3, 2018, you would report the activity of your business in New Jersey up to this date.

 

  • Your annual report should only reflect the amount of business done in New Jersey through your main office and all New Jersey branch offices during 2018 unless otherwise directed to do so in the detailed help available for each page.

Correspondent Lender – 2018 Annual Report Worksheet

Residential Mortgage Lender – 2018 Annual Report Worksheet

Residential Mortgage Broker – 2018 Annual Report Worksheet

For more information, please contact your SCP consultant.

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