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Please
Note: |
The
online annual reporting system will be available in February 2023. All
licensees will be receiving notifications on how to access the system
by email. All annual reports will be due May 1, 2023.
If you have
any questions, please contact
Consumer Finance Annual Reports.
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Pursuant to N.J.A.C. 3:23-4.1, all licensees are required to file an annual report to the Department of Banking and Insurance. Licensees are required to file an annual report after each calendar year in which they were licensed. Because you were licensed in 2022, you are required to file an annual report in 2023 even if you did not conduct any business in 2022, and even if you ceased doing the business activities for which you were licensed in New Jersey in 2022.
The
Department recommends downloading and printing the 2022 Annual Report
Worksheet (at right) before completing the online report.
If
you have any questions about filing your annual report, please e-mail Consumer Finance Annual Reports at bankingannualreports@dobi.nj.gov.
Thank you in advance for
your cooperation in this important matter. |
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Annual Reports |
Is a home repair contractor required to file an annual report?
A home repair contractor is required to file an
annual report with
the Division of Banking. A licensee is required to file an annual
report even if you did not provide financing to your clients. Holding a
license requires you to file. The report must be filed for the period
of January 1, 2022 through December 31, 2022.
What
type of information will a home repair contractor be required to
include in the annual report?
The following information must be collected from 01/01/2022 through
12/31/2022 and maintained to complete the annual report:
- Number
of NJ financed home repair contracts executed between 01/01/2022 and
12/31/2022
- Total
dollar amount of NJ financed home repair contracts executed between
01/01/2022 and 12/31/2022 - excludes sales tax
- Names
of companies/banks to whom financed home repair contracts executed
between 01/01/2022 and 12/31/2022 were sold
- Total
number of NJ financed home repair contracts executed between 01/01/2022 and
12/31/2022 that were sold
- Liability
and workmen's compensation insurance
Is there a filing deadline for
the annual report?
All annual reports must be filed no later than May 1, 2023
for the January 1, 2022 to December 31, 2022 reporting period. Annual reports are expected to be filed
electronically over the Internet through the State's secure web site.
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Additional License Specific
Information |
When will license renewals occur?
Renewals for ALL
non-mortgage and non-student loan licensees
will be as of July
1, 2023.
It is expected that licensees will be notified about the renewal
process no later than early May 2023. Licenses must be renewed prior to
June 30, 2023.
Will there be a license
renewal fee for the biennial renewal in July 2023?
All non-mortgage and non-student loan licensees
will pay NO FEE to renew licenses.
License renewals will be required to be processed electronically using
the Banking
Online Services feature. Paper
renewals will NOT be available. For
information about signing up for Banking Online Services CLICK
HERE.
Do applications for new licenses require a
fee?
Yes. All new applications – those for new
businesses, new branch offices and new home repair salespersons –
require the payment of a non-refundable application fee.
How much is non-refundable
application fee?
The non-refundable application fee for principal and branch offices is
$300 for each new license. The non-refundable fee for home repair
salespersons is $60.
What
must a home repair contractor do to:
1) Change a licensed business address?
- Complete
the Change of Address form
- Enclose
a copy of the deed, lease or rental agreement for the new business
location (even if a residence)
- Enclose
(2) two photographs of the location in which the business sign is
visible OR if a residence, copies of letters to the post office and
telephone company advising of use of residence for business purposes
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Return the above items to the Licensing Services Bureau, NJDOBI
Note:
There is NO
FEE to change a business address
2)
Change a licensed business name?
-
Complete the Change of Legal Name form
- Enclose
a copy of the amended Certificate of Incorporation, if a corporation; a
copy of amended certificate of formation, if a limited liability
company; a copy of amended or new trade name certificate if a
partnership or sole proprietorship; an amended Certificate of Authority
to do Business in New Jersey if a foreign corporation.
- Return
the above items to the Licensing Services Bureau, NJDOBI
Note: There
is NO FEE
to change a business name or to add a new doing business as or trade
name
3)
Obtain a duplicate license?
- Request
and complete a lost license affidavit
- Return
this affidavit to the Licensing Services Bureau, NJDOBI
Note:
There is NO FEE
to obtain a duplicate license or registration certificate
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Contact Information |
For licensing questions:
NJDOBI
License Services, Banking
PO Box 473
Trenton, NJ 08625
E-mail
609-292-7272 |
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For annual report, request login credentials questions:
NJ Department of Banking and Insurance
PO Box 040
Trenton, NJ 08625
E-mail
609-940-7649 |
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OPRA is
a state law that was enacted to give the public greater access to government
records maintained by public agencies in New Jersey. |
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You will need to download the latest version of Adobe Acrobat Reader in order to correctly view and print PDF (Portable Document Format) files from this web site. |
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Copyright © 2011,
State of New Jersey
New Jersey Department of Banking and Insurance
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