17:29-12. Maximum charge; regulation
55 words·~1 min read·
/nj/title-17/chapter-29/17-29-12A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Commissioner of Banking and Insurance shall, pursuant to chapter 66 of the laws of 1958, hold a hearing and promulgate an appropriate regulation establishing the maximum amount which may be charged by a lender or other legal entity servicing mortgages for the substitution of an insurance policy or policies.
L.1965, c. 27, s. 2.