New Jersey Issues Bulletin Regarding 2022 High-Cost Home Loan Dollar Adjustment

January 07, 2022

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The New Jersey Department of Banking and Insurance has updated its definition of a “high-cost home loan” under the Home Ownership Security Act of 2002 raising the maximum principal amount of a loan that may be considered under this definition to $527,669.59 effective on or after January 2, 2022.

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