This article was originally published here. For additional articles by Robert M. Jaworski visit his website. Recently, the State of New Jersey has taken a small step in the direction of less regulation over home mortgage lenders and, virtually at the same time, a potentially more significant step in the opposite direction. Details are set forth below. NJDOBI Proposes to Eliminate a Regulation …Read More »
Bob is a member of the Financial Industry Group and a member of Financial Services Regulatory Group. Bob's practice focuses on consumer credit compliance and other regulatory issues of concern to banks, thrifts, credit unions, mortgage bankers, secondary mortgage lenders, finance companies and industry-related trade associations. He reviews documents for compliance with federal and state laws; assists with bank applications and other regulatory issues of concern to banking institutions, helps financial institutions resolve compliance and licensing issues raised by state and federal regulators; performs compliance audits of loan files and operations; assists Reed Smith litigators in consumer finance-related individual and class action litigation; and generally provides counsel on day-to-day compliance issues as they arise. Bob is a former Deputy Commissioner of the New Jersey Department of Banking, a past Chair of the NJ Bar Association’s Banking Law Section, a former Co-Chair of the RESPA and Housing Finance Subcommittee of the American Bar Association’s Consumer Financial Services Committee, and the former Editor of Pratt’s Mortgage Compliance letter, a national publication on mortgage compliance issues. He is also a Fellow in the American College of Consumer Financial Lawyers, and an educator, having founded and served for many years as an instructor for a company that trained mortgage loan originators on federal and NJ residential mortgage laws and regulations. Bob is a frequent speaker on compliance issues before state and national groups, and has authored numerous articles on the subject.