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Mrtgage license

Edison, NJ |

I was licensed in state of New Jersey until 2007 as a mortgage broker. Now I want to use same corporate TIN number and do not want be licensed by state. I will be doing commercial mortgage business only. Can I do without being licensed?.

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Attorney answers 1

Posted

From the NJ Real Estate Commission FAQs website: Persons and firms who broker loans secured by mortgages on commercial real estate for compensation must be licensed as New Jersey real estate brokers.

It appears you do need a license, but not a mortgage broker license.

This response is for general education purposes only and does not constitute legal advice or create the establishment of an attorney-client relationship.