With Leonard Bernstein, Geoffrey Connor, Robert Jaworski
This Reed Smith Bulletin summarizes two recent pronouncements of the New Jersey Department of Banking and Insurance. The first is NJDOBI Bulletin No. 07-12, which was issued June 13, 2007. The Bulletin addresses the subject of "commitments" issued in connection with New Jersey residential first mortgage loans. The second is a proposal by the NJDOBI to revise its regulations that implement L. 2005, c. 199