A licensed residential mortgage lender can act as a residential mortgage broker without what?

A licensed residential mortgage lender can act as a residential mortgage broker without obtaining a separate license for each role because the New Jersey Residential Mortgage Lending Act allows for a single license to cover multiple roles within the lending and brokering space. This means that a lender, already regulated and licensed, can perform the functions of a broker under the same license, provided they adhere to all pertinent regulations and requirements. This streamlines operations and reduces the administrative burden on lenders who wish to expand their services to include brokering without needing to navigate the complexities of acquiring multiple licenses.

The other options suggest additional requirements or structural changes that are not necessary under the New Jersey regulations, making them less relevant to this question about licensing.