Which of the following is NOT a requirement established under the New Jersey Residential Mortgage Lending Act?

The correct choice highlights a significant understanding of the New Jersey Residential Mortgage Lending Act and its specific provisions. Under this act, there is no requirement for regular reporting to federal bank regulatory agencies for mortgage lenders operating in New Jersey.

The act focuses on ensuring that lenders are appropriately licensed and qualified to operate within the state, which is why background checks, submission of license applications via the Nationwide Mortgage Licensing System, and the maintenance of surety bonds are emphasized. These requirements are designed to protect consumers and ensure that lenders meet state standards. In contrast, while mortgage lenders may have various reporting requirements to federal regulatory bodies, these do not fall under the specific mandates of the New Jersey Residential Mortgage Lending Act, thus making this option not a requirement of the act.