A consumer lender license is required for the making of a loan that is to be used primarily for personal, family or household purposes in an amount of $50,000 or less and that is payable in one or more installments. A consumer lender license does not authorize the making of residential first or second mortgage loans.
The governing statute is the New Jersey Consumer Finance Licensing Act, N.J.S.A 17:11C-1 et. seq.
A sales finance company license is required for the following business activities:
The governing statutes are the New Jersey Consumer Finance Licensing Act, N.J.S.A 17:11C-1 et. seq., and the New Jersey Retail Installment Sales Act of 1960, N.J.S.A. 17:16C-1 et. seq.
NOTE: Fingerprinting is required for all Consumer Lender and Sales Finance Company License Candidates
The following forms are required with an initial application ( Note: These forms are included in application above)
The following forms are required with an initial application ( Note: These forms are included in application above)
Please Note: |
Supporting Documentation Requirements for | ||
Business Entity Applicant | or | Individual Personal Certification |
For licensing questions, contact: | NJDOBI License Services, Banking PO Box 473 Trenton, NJ 08625 | E-mail: bliconline@dobi.nj.gov Phone: 609-292-7272 Fax: 609-633-0822 |