The State of New Jersey
NJ Department of Banking and Insurance
Search



 
Home > Banking Division > Dedicated Funding > Licensees
Assessment, Annual Report Information - Licensees
Please Note:

The online annual reporting system will be available in early March 2021. All licensees will be receiving notifications on how to access the system by email. All annual reports will be due July 1, 2021.

If you have any questions, please contact Consumer Finance Assessments.

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 2020, you are required to file an annual report in 2021 even if you did not conduct any business in 2020, and even if you ceased doing the business activities for which you were licensed in New Jersey in 2020.   

If you have any questions about filing your annual report, please email Consumer Finance Assessments at bankingannualreports@dobi.nj.gov. Thank you in advance for your cooperation in this important matter.

Fill Your 2010 Annual Report
 
For more details, click on the corresponding link if you are a...
Residential Mortgage Broker
Correspondent Residential Mortgage Lender
Residential Mortgage Lender Sales Finance Company
Consumer Lender Insurance Premium Finance Company

Check Casher

Foreign Money Transmitter
Money Transmitter Debt Adjuster
Pawn Broker Home Repair Finance Agency
High Cost Home Loan Credit Counselor Motor Vehicle Installment Seller
Home Repair Contractor Mortgage Foreclosure Consultant
Important Dates
March 2021
Electronic Annual Reports Available for All Licensees
July 1, 2021
All Annual Reports Due
October 2021
Annual Assessment Bills to be Mailed
November 2021
Annual Assessments Due
 
Frequently Asked Questions

Who is required to file an annual report with the Division of Banking and pay an annual assessment?
Licensees are required to file an annual report after each calendar year in which they were licensed. Because you were licensed in 2020, you are required to file an annual report in 2021 even if you did not conduct any business in 2020, and even if you ceased doing the business activities for which you were licensed in New Jersey in 2020.  

How is the assessment bill for each licensee determined?
The law and corresponding regulations provide detailed information on the formula for determining how your bill is calculated. In brief, your bill is based on a combination of two factors: 1) a minimum assessment charged to each licensee, based on the type of license and 2) a calculation of the percentage of your business volume as a percent of total business volume in New Jersey for all licensees.

What is the deadline for filing an annual report?
The deadline for filing an annual report is July 1, 2021.

Why is an annual report required to be filed?
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 2020, you are required to file an annual report in 2021 even if you did not conduct any business in 2020, and even if you ceased doing the business activities for which you were licensed in New Jersey in 2020.  

What if I ceased doing the business for which I was licensed in New Jersey?
If you have ceased doing business please contact bankingannualreports@dobi.nj.gov to properly surrender your license in accordance with N.J.A.C. 3:5-4.4.

Is there a fee for filing the annual report?

There is no fee for filing the annual report.

What fees exist under Dedicated Funding?

  • Non-refundable license application fees for ALL initial licenses – business entities, branch offices, mortgage licensees, home repair salespersons
  • Non-refundable registration application fees for ALL new mortgage originators
  • Non-refundable re-registration application fees for mortgage originators changing employing mortgage licensees
  • All fines and penalties

When will I pay the annual assessment?
All licensees will annually receive a bill in mid-October. Payment of the bill is due to the State within 30 days of the date of the invoice.

 
Contact Information
For licensing questions:
NJDOBI License Services, Banking
PO Box 473
Trenton, NJ 08625
E-mail: bliconline@dobi.nj.gov
609-292-7272
For annual report, request login credentials questions:
NJ Department of Banking and Insurance
PO Box 040
Trenton, NJ 08625
E-mail: Consumer Finance Assessments
609-940-7649
 
OPRA
OPRA is a state law that was enacted to give the public greater access to government records maintained by public agencies in New Jersey.
line
Adobe Acrobat
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.
state seal
Copyright © 2011, State of New Jersey
New Jersey Department of Banking and Insurance