This alert is part of Holland & Knight's Garden State Initiative, a firmwide effort to enhance coordination among attorneys, clients and professional networks with ties to New Jersey to foster greater collaboration across...more
8/14/2025
/ Agricultural Land ,
Commercial Property Owners ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Credit Reporting Agencies ,
Debt Collection ,
Fair Credit Reporting Act (FCRA) ,
Farms ,
Financial Institutions ,
Governor Murphy ,
Medical Debt ,
Mortgage Servicers ,
Mortgages ,
New Legislation ,
Residential Property Owners ,
Transfer Taxes
Insufficient funds transactions occur when consumers issue a payment order (a check, some other written order or an electronic debit) against funds in their bank account, and the account lacks sufficient funds to cover the...more
• New Jersey Gov. Phil Murphy signed Assembly Bill A-4997 into law on April 29, 2019, dramatically expanding the state's regulation of residential mortgage servicers.
• The law requires nonbank finance companies that...more
5/1/2019
/ Banking Sector ,
Banks ,
Consumer Reporting Agencies ,
Enforcement Actions ,
Financial Institutions ,
Government Entities ,
Governor Murphy ,
Licenses ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Mortgage Servicers ,
Mortgage Servicing Rules ,
Mortgages ,
Popular ,
Truth in Lending Act (TILA)
• The State of New Jersey, on Aug. 24, 2018, enacted Assembly Bill 2035 that makes significant and important amendments (Amendments) to the Residential Mortgage Lending Act (RMLA), which had not been amended since it was...more
8/28/2018
/ Amended Legislation ,
Banking Sector ,
Financial Institutions ,
Licensing Rules ,
Mortgage Brokers ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Mortgage Servicers ,
Mortgages ,
Reporting Requirements ,
Residential Real Estate Market ,
State and Local Government