17:15A-37 Required capital, net worth, liquid assets.
85 words·~1 min read·
/nj/title-17/chapter-15a/17-15a-37·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
8. An applicant shall prove, in a manner and form satisfactory to the commissioner, that the applicant has available for the operation of its check cashing business at each office, mobile office or automated check cashing machine location, capital or net worth of at least $50,000, and has available for the operation of its check cashing business at each office , mobile office or location, liquid assets of at least $50,000.
L.1993,c.383,s.8; amended 2003, c.252, s.3; see s.8 of 2003, c.252 for contingency in 2014.