The New Jersey Home Ownership Security Act of 2002 (the "Act") provides for annual review and adjustment to the maximum principal amount of a loan that may be subject to the Act. For 2006, only loans with principal loan amounts not exceeding $383,682.60 are subject to the Act. For 2007, the maximum principal amount of a loan that may be subject to the Act has been increased to $400,001.50. Loans with principal amounts exceeding that figure will not be subject to the Act's provisions. The revised amount is effective for all applications received by a lender on or after January 1, 2007. To view a copy of the New Jersey Department of Banking and Insurance Bulletin 06-25, click here. Please contact the DocMagic Compliance Department if you have any questions or comments.