Title 17, Title 17: CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

17:1C-6.1. Training program for volunteers 4. The Department of Insurance, in conjunction with the Division on Aging, shall develop a training program for volunteers in the Senior Health Insurance Counseling Program, established pursuant to P.L.1993, c.4 (C.52:27D-29.32 et al.), …

17:1D-1 Office for e-HIT. 8. a. There is established in the Department of Banking and Insurance the Office for the Development, Implementation, and Deployment of Electronic Health Information Technology in New Jersey, to be known as the Office for e-HIT. b. The Office for e-HIT, …

17:1D-2 Funding of commission budget. 9. The Department of Banking and Insurance shall fund the approved budget of the commission established pursuant to section 6 of P.L.2007, c.330 (C.26:1A-137) from fines, sanctions, and civil penalties assessed by the department on entities r…

17:1D-3 Rules, regulations. 10. The Office for e-HIT in the Department of Banking and Insurance, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), shall adopt rules and regulations necessary to effectuate the purposes of this act.2 L.2007, c.33…

17:2-1. Bonds secured by mortgage on leaseholds of camp meeting associations--limitations All savings and loan associations, building and loan associations, title and mortgage guaranty companies and insurance companies may invest funds in bonds, secured by first mortgage, on leas…

17:2-10. Development and other bonds of foreign governments or obligations of international development banks In addition to investments in obligations of foreign governments permitted by Title 17 of the Revised Statutes or by regulation of the Commissioner of Banking, any saving…

17:2-2. Bonds issued by commission appointed by supreme court Any insurance company, surety, trust and safe deposit company, incorporated under any law of this State, may invest moneys belonging to or deposited with it, in any bonds authorized by the laws of this State to be issu…

17:2-4. Bonds of home owners' loan corporation Any savings bank, banking institution, trust company, insurance company or building and loan association, organized under the laws of this state and mutual savings banks organized under any special charter or special law of this stat…

17:2-5. Loans and advances eligible for insurance by federal housing administrator Savings banks, banks, banking institutions, trust companies, personal finance companies, mortgage companies, installment lending companies, and other such financial institutions organized under any…

17:2-6. General powers Savings banks, banks, banking institutions, trust companies, building and loan associations, savings and loan associations, mortgage companies and insurance companies organized under any general or special law of this State, all boards, commissions and depa…

17:2-6.1. Insured mortgages and bonds and obligations of national mortgage associations Wherever, by statute of this State, collateral is required as security for the deposit of public or other funds; or deposits are required to be made with any public official or department; or …

17:2-7. Laws governing interest rates inapplicable No law of this state prescribing or limiting interest rates upon loans, discounts or advances of credit or upon obligations representing loans and advances of credit, shall be deemed to apply to loans, discounts, advances of cred…

17:2-8. Other laws governing loans inapplicable; exceptions No law of this state prescribing the nature, amount or form of security or requiring security upon which loans or investments may be made or prescribing or limiting the period for which loans or investments may be made o…

17:2-9. Bonds, debentures or other obligations of Federal Home Loan Bank Any savings bank, bank, trust company or insurance company, organized under the laws of this State, may invest in the bonds, debentures or other obligations issued by or in behalf of any Federal Home Loan Ba…

17:2-9.2. Veterans, loans to Any savings bank, banking institution or trust company organized under the laws of this State, notwithstanding any law of this State prescribing the nature, amount or form of security or requiring security for its loans or investments, may legally inv…

17:2-9.3. Legal investments in international banks 1. The following may, in addition to other investments allowed by law, properly and legally invest any funds, including capital, belonging to them or within their control in obligations issued or guaranteed by the International B…

17:2-9.4. Trust fund, application to The provisions of this act shall not apply to any trust fund where the deed of trust, or will, or any court having jurisdiction of the same, specially directs that said trust fund shall be invested in other securities. L.1947, c. 308, p. 1026,…

17:2A-1. Definitions For the purposes of this act: (a) "Mortgage loan" means: (1) A loan made by a financial institution, secured by a mortgage constituting a lien upon real property or upon a lease of the fee of real property; and, (2) An existing mortgage or part interest there…

17:2A-2. Emergency rules and regulations; adopted by commissioner The Commissioner of Banking and Insurance may adopt rules and regulations affecting financial institutions which hold, make or purchase mortgage loans within a disaster area during a period of emergency. Such rules…

17:2A-3. Basis for rules; rates and interest charges; property not affected by disaster In the adoption, implementation and administration of such emergency rules and regulations, the commissioner shall consider the interest of disaster victims, the welfare of the public generall…

17:2A-4. Exercise of emergency powers; declaration by commissioner; operative period of rules and regulations Whenever a disaster area is so proclaimed, the Commissioner of Banking and Insurance shall review promptly conditions in the area in order to determine the extent of dest…

17:2A-5. Extension of termination date The commissioner may, upon publication and filing of his finding that emergency conditions concerning mortgage loans still prevail in a disaster area, extend for not more than 6 months the termination date of any period of emergency as herei…

17:3-1. Extension of time of payment When there comes into the custody and control of a receiver appointed by a court of competent jurisdiction, or under authority of a statute of this State, or into the custody and control of an official of this State acting under authority of t…

17:3-2. Home owners' loan corporation bonds; acceptance by receiver in payment of mortgages When there shall come into the custody and control of a receiver or liquidator appointed by a court of competent jurisdiction or under authority of any statute of this State, or into the c…

17:3-3. Definitions and construction The words "receiver," "liquidator" and "official," as used in this section and section 17:3-2 of this Title, include any person or group of persons, who under appointment, order, decree or judgment of a court of competent jurisdiction, or by v…

17:3A-1. Definitions As used in this act: (a) "Corporation" shall mean a corporation organized pursuant to any law of this State, over which the Commissioner of Banking and Insurance or the Department of Banking and Insurance is required or authorized by law to exercise superviso…

17:3A-2. Application during liquidation for order to destroy records, etc.; notice of application; publication; order for destruction At any time during the liquidation of a corporation, the liquidator may apply to the Superior Court for an order authorizing the destruction of su…

17:3A-3a. Application after liquidation for order to destroy records, etc.; notice of application; publication; order for destruction At any time after liquidation of the corporation has been completed and final distribution made, the liquidator may apply to the Superior Court fo…

17:3A-3b. Destruction of records after five years from liquidation date without leave of court; notice At any time after the expiration of five years from the date on which the liquidation of a corporation shall have been completed and final distribution made, the liquidator may,…

17:3A-4. Liquidator not accountable for authorized destruction No liquidator shall be held accountable for any act of destruction authorized in the manner provided by this act. L.1948, c. 266, p. 1158, s. 4.

17:3A-5. Corporations affected by act The provisions of this act shall apply to all corporations heretofore liquidated; to all corporations in process of liquidation on the effective date of this act; and to all corporations to be liquidated after the effective date of this act. …

17:3A-6. Presumption as to prior law No presumption shall be drawn from the enactment of this act that, prior to its passage, liquidators were without power or authority to destroy the records, documents and other papers of a corporation or those relating to its liquidation. L.19…

17:3A-7. Effective date This act shall take effect September sixteenth, one thousand nine hundred and forty-eight. L.1948, c. 266, p. 1158, s. 7.

17:3B-1. Truth in lending; inconsistent state provisions To the extent that the provisions of any of the following cited New Jersey laws are inconsistent with respect to disclosure, advertising, terminology, type size, method of computation of finance charges, form, content, or t…

17:3B-10. Overdraft accounts Overdraft accounts. If credit under a revolving credit plan is offered and extended in connection with a demand deposit account or other account maintained by the borrower with the lender pursuant to an agreement or arrangement whereby the lender agre…

17:3B-11. Omitted installments Omitted installments. A lender may at any time extend to a borrower under a revolving credit plan the option of omitting monthly installments. L. 1985, c. 81, s. 8, eff. March 14, 1985.

17:3B-12. Loans under a revolving credit plan 9. Loans under a revolving credit plan. If the agreement governing the revolving credit plan so provides, a lender may: a. Take personal or real property, or both, as security on a loan made under a revolving credit plan; b. Require t…

17:3B-13. Revolving credit plan prohibitions 10. Revolving credit plan prohibitions. No revolving credit plan agreement shall contain: a. An acceleration clause under which any part or all of the balance, not yet matured, may be declared immediately due and payable because the le…

17:3B-14. Collection costs Collection costs. Upon the filing of an action for the collection of an amount in default under the terms of the revolving credit plan, the lender, in addition to the recovery of all court costs, reasonable attorney's fees and expenses of repossessing a…

17:3B-15. Changes in terms 12. Changes in terms. a. A lender may, if the agreement governing a revolving credit plan so provides, at any time amend the terms of the agreement with respect to the periodic percentage rates used to calculate interest, the method of computing the out…

17:3B-16. Extension of closed end credit Extension of closed end credit. A lender may, subject to the provisions of this act, offer and extend closed end credit in amounts, at rates of interest, and for a term of payment, and may take security, including personal property or real…

17:3B-17. Interest Interest. Notwithstanding the provisions of R.S. 31:1-1, a lender extending closed end credit may, subject to the criminal usury provisions of N.J.S. 2C:21-19, charge and collect interest with respect to a note or loan at daily, weekly, monthly, annual or other…

17:3B-18. Periodic percentage rates 15. Periodic percentage rates. The periodic percentage rates of interest charged and collected with respect to a loan under a closed end credit agreement may, subject to any limitations set forth in the loan agreement, vary in accordance with t…

17:3B-19 Additional charges. 16. Additional charges. If the closed end loan agreement so provides, a lender may: a. Charge and collect the actual costs of filing or recording the instrument of security on a secured loan, or notice or abstract thereof, if the filing or recording i…

17:3B-2. Violation of truth in lending act and state law; civil actions When under any law of this State, a civil action is expressly provided for any act or failure to act which constitutes a violation of any provision of such law, and such act or failure to act also constitutes…

17:3B-20. Deferred installments Deferred installments. A lender under a closed end credit agreement may, at any time, permit a borrower to defer installment payments on a loan and may, in connection with the deferral, charge and collect deferral charges in accordance with the loa…