17:9A-182.2. Objective of regulations
69 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-182-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In exercising the power conferred upon him by this act, the commissioner shall consider the statutes, regulations and rulings governing the lending and investing powers of Federally chartered savings and loan associations, and the regulations made by him shall have as their objective the placing of savings banks on a substantial competitive parity with Federally chartered savings and loan associations.
L.1967, c. 230, s. 2, eff. Oct. 30, 1967.