™Your Policy Risk Impact Agent
131 chapters · 3,637 sections in this title.
N.J.S.A. 17:16L-1 Definitions
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17:16L-1. Definitions 1. As used in this act: a. "Banking institution" means any state or federally chartered bank, savings bank, or savings and loan association, including a federally chartered savings bank; b. "Commissioner" means the Commissioner of Banking and Insurance; c. "…
N.J.S.A. 17:16L-2 Bank policy disclosure
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17:16L-2. Bank policy disclosure Every banking institution shall provide a written disclosure to every deposit account holder on the effective date of this act and to every applicant for a deposit account, describing the institution's policy with respect to when an account holder…
N.J.S.A. 17:16L-3 Penalty for violation
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17:16L-3. Penalty for violation Any banking institution which willfully violates any provision of this act or any regulation promulgated in accordance therewith shall be subject to a fine of not more than $1,000.00 for each violation, up to a maximum of $5,000.00 in any one year,…
