When will license renewals
occur?
ALL non-mortgage and non-student loan licenses will expire as of June 30, 2025.
It is expected that licensees will be notified about the renewal
process no later than early May 2025. Licenses must be renewed prior to
June 30, 2025.
Will there be a license renewal fee for the
biennial renewal in 2025?
All non-mortgage and non-student loan licensees
will pay NO FEE to renew licenses.
License renewals will be required to be processed electronically using
the . Paper
renewals will NOT be available. For
information about signing up for Banking Online Services .
Do applications for new licenses require a
fee?
Yes.
All new applications – those for new businesses and new branch offices
– require the payment of a non-refundable application fee.
How much is the non-refundable application
fee?
The
non-refundable application fee is $700 for each new license with one
business authority. Each additional business authority requires an
additional non-refundable application fee of $300 per authority.
What
must a consumer lender do to:
1)
Change a licensed business address?
- Before
filing for an address change be certain that the proposed
location is in compliance with Sexy真人DOBI standards for acceptable office
locations – refer to Bulletin
No. 05-10 (PDF)
- Complete
the Change of Address form
- Enclose
a copy of the deed, lease or rental agreement for the new business
location (even if a residence) – Note: The agreement MUST BE executed between the
licensee and the landlord/property owner. If a sublease is involved,
there MUST BE written
evidence of the landlord's knowledge and acceptance of the subleasing
arrangement.
- Return
the above items to the Licensing Services Bureau, Sexy真人DOBI
Note: There is NO FEE to change a business address
2)
Change a licensed business name?
- Complete the Change of Legal Name form
- Enclose
a copy of the amended Certificate of Incorporation, if a corporation; a
copy of amended certificate of formation, if a limited liability
company; a copy of amended or new trade name certificate if a
partnership or sole proprietorship; an amended Certificate of Authority
to do Business in New Jersey if a foreign corporation
- Return
the above items to the Licensing Services Bureau, Sexy真人DOBI
Note: There
is NO FEE to change a business name or to add a new doing business as or trade
name
3)
Obtain a duplicate license?
- Request
and complete a lost license affidavit
- Return
this affidavit to the Licensing Services Bureau, Sexy真人DOBI
Note: There is NO FEE to obtain a duplicate license or registration certificate
4.
Complete a change of control of direct ownership of the licensed
business (25% or more)?
- Complete
a Change of Control Application
- Enclose
a copy of the stock purchase agreement if a corporation or agreement to
purchase ownership interest if a limited liability company as well as
any other documents evidencing the change in ownership – Note: Partnerships and sole proprietorships CANNOT file changes of control - New application is required
- Enclose
a copy of the corporate resolution or amended limited liability
operating agreement showing the termination of officer/director/member
positions and the appointments of new officers/directors/members
- Enclose
completed personal certifications for each new officer,
director, member and substantial stockholder/owner (owning more than
10% of stock/ownership interest)
- Return
the above items to the Licensing Services Bureau, Sexy真人DOBI
Note: There is NO FEE to complete a change of control |
