New Jersey Issues Bulletin Regarding 2020 High-Cost Home Loan Dollar Adjustment

January 14, 2020

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The New Jersey Department of Banking and Insurance is adjusting the definition of “high-cost home loan” to provide that the maximum principal amount of a loan that may be considered a high cost home loan will be $506,059.40 effective for all completed applications on loans that may be subject to the Act received by the lender on or after January 1, 2020.

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