N.J. Stat. § 17:9A-334

Current through L. 2024, c. 87.

Section 17:9A-334 - Fees payable by foreign banks

A foreign bank shall pay to the commissioner for the use of the State a fee, to be prescribed by the commissioner by regulation, in an amount not less than or not more than, the following minimum and maximum amounts:

Minimum Maximum

(1) For filing a copy of its

certificate of incorporation or

amendment thereof or other

change therein $50.00 $250.00

(2) For filing a statement of

its financial condition 50.00 250.00

(3) For filing a power of

attorney 25.00 75.00

(4) (Deleted by amendment, P.L. 2007, c. 81).

(5) For registering a back office 500.00

The commissioner shall charge for the issuance of a certificate of authority or a certificate of renewal of a certificate of authority such fee as the commissioner shall prescribe by rule or regulation, not to exceed $1,500.00. The certificate shall run from the date of issuance for a term of not less than two years as set by the commissioner by regulation.

The commissioner may by rule or regulation adopted pursuant to the "Administrative Procedure Act," P.L. 1968, c.410 (C.52:14B-1 et seq.) impose other fees and charges, including assessments and nonrefundable fees for application and examinations, on out-of-State banks establishing branch offices or agency offices in this State.

N.J.S. § 17:9A-334

Amended by L. 2007, c. 81,s. 5, eff. 5/4/2007.

L.1948, c.67, s.334; amended 1965, c.171, s.25; 1971, c.116, s.2; 1981, c.321, ss.9,13; 1988, c.73, s.2; c. 17, s. 25.

L. 2007, c. 81,s. 29, states, "This act shall take effect immediately, but remain inoperative until July 1, 2006, and if enacted after that date, shall be retroactive to July 1, 2006; except that provisions of this act which amend the term of a license shall remain inoperative until the Commissioner of Banking and Insurance adopts regulations establishing the new license terms authorized by this act. The Commissioner of Banking and Insurance may immediately undertake action to promulgate any regulation necessary to implement the provisions of this act." .