New Jersey N.J. Rev. Stat. § 17:11 C-23

I. Lenders may charge fees and points for services rendered in conjunction with the origination, closing and servicing of loans; provided, however, that the lender issues a written disclosure to the borrower stating the estimated amount and purpose of all fees and expenses within 3 business days of the receipt of a loan application. If any fee is collected in advance of the closing of the loan, the lender shall provide the borrower with a written explanation of the purpose and disposition of the fee. A lender may charge an application fee which may include the direct costs incurred by the lender for processing an application, and for a real estate appraisal, a credit bureau report, or for income verification or other third party services. Notwithstanding RSA 479:30, a borrower who pays a lender a fee for a real estate appraisal report, or who pays an application fee to a lender which includes costs for a real estate appraisal, whether designated as a separate fee therefor or not, shall, upon written request, be entitled to obtain from the lender a copy of the real estate appraisal report. The lender shall certify on such copy that it is a true copy of the original report. Such certified copy shall be provided to the borrower within 10 business days of the date the lender receives a borrower's request, receives the report from the appraiser, or receives such application or appraisal fee from the borrower, whichever is last to occur.

II. Licensees subject to the provisions of this chapter shall comply with the provisions of RSA 384:16-c, relative to escrow accounts.

III. Licensees subject to provisions of this chapter shall comply with the provisions of RSA 479, relative to foreclosure.

IV. Pursuant to RSA 397-A:3, only mortgage brokers licensed under the provisions of this chapter shall be entitled to retain commissions for services rendered.

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