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Bill > S3546
NJ S3546
NJ S3546Permits mortgage loan originators to work from remote locations under certain circumstances.
summary
Introduced
02/19/2026
02/19/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill permits mortgage loan originators to work from remote locations under certain circumstances. Under the bill, a mortgage loan originator or qualified individual licensee licensed pursuant to the "New Jersey Residential Mortgage Lending Act" may perform licensable activities at a place of residence or another remote location provided that the activities are in accordance with written supervisory policies and procedures. Licensable activities from a remote location are permitted when: (1) the mortgage loan originator or qualified individual licensee has written policies and procedures for the supervision of an employee working from a place of residence or another remote location; (2) access to company platforms and customer information is in accordance with a comprehensive written information security plan; (3) no in-person customer interaction occurs at a place of residence unless the residence is a licensed location; and (4) physical records are not maintained at a remote location.
AI Summary
This bill allows mortgage loan originators, who are individuals licensed to originate residential mortgage loans in New Jersey under the "New Jersey Residential Mortgage Lending Act," to work from their homes or other remote locations, meaning places other than their main office, under specific conditions. These conditions include having written policies and procedures in place to supervise employees working remotely, ensuring that access to company systems and customer data is protected by a comprehensive written information security plan, prohibiting in-person customer meetings at a residence unless that residence is a licensed business location, and ensuring that physical records are not kept at a remote location. The Commissioner of Banking and Insurance is authorized to create any necessary rules to implement these changes.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S3546 |
| BillText | https://pub.njleg.gov/Bills/2026/S4000/3546_I1.HTM |
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