{"data":{"id":"us-nj/n.j.-stat.-43-16a-16.12","jurisdiction":"us-nj","citation":"N.J. Stat. § 43:16A-16.12","heading":"Administration of mortgage loan program.","body":"5.\tThe board of trustees shall delegate the administration of this mortgage loan program to the New Jersey Housing and Mortgage Finance Agency established under section 4 of P.L.1983, c.530 (C.55:14K-4).  The agency shall: a. originate loans; b. appraise the value of any real property eligible to be mortgaged under this act; c. guarantee and insure title to the real property; and d. perform any other service necessary to accomplish the purposes of this act in a manner consistent with the protection of the rights of beneficiaries of the retirement system.  The cost of the performance of these services in connection with the making of a mortgage loan shall be charged to the borrower and included in the amount of that mortgage loan.\nL.1992, c.78, s.5; amended 2018, c.55, s.22.","path":["TITLE 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT \t\t\tCOMPENSATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"bb9cf8a10d12380e2a99422b09988115a2052d2de7e84c2659481767f1b59c77","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-43-16a-16.11","next":"us-nj/n.j.-stat.-43-16a-16.13"},"notice":"GroundRules: Original legal text. Not legal advice."}