Loan Closings and Ownership/Title Transfers
have been temporarily suspended during the period of the Coronavirus emergency. During this period while applicable insurance documentation may be submitted to the Insurance Division through electronic means, as staff is working from remote locations, such documentation will be reviewed upon the return to normal operations and when closings and ownership/title transfers commence again.
Requests for insurance premium payments for Agency-financed properties
through insurance escrow accounts will continue to be processed.
The processing of insurance premium payments will require the submission to the Insurance Division through electronic means of a complete:
- ACORD form – Certificate of Liability Insurance applicable to the property;
- ACORD form – Evidence of Commercial Property Insurance applicable to the Property;
- Invoice for the applicable Premiums;
- ACORD form – Certificate of Liability Insurance applicable to your insurance professional and Certification to the Agency issued by your insurance professional that the coverages provided meet Agency Requirements.
Copies of all applicable policies and endorsements will be required upon the return to normal operations.
We appreciate the cooperation and assistance of all during this difficult time.
Please be assured, NJHMFA staff continues to work diligently to provide you with the information you need. We will continue to provide updates through email as necessary.
