N.J. Stat. § 17:9A-456

Current through L. 2024, c. 62.
Section 17:9A-456 - Commercial lending company, functions permitted

A commercial lending company which is licensed to establish a commercial lending office may, subject to such regulations or orders as the commissioner may prescribe, engage in representational functions at the commercial lending office for a foreign bank but shall not solicit or accept deposits or credit balances or otherwise transact business at the office on behalf of a foreign bank.

N.J.S. § 17:9A-456

L. 1996, c. 17, s. 75.