17:9A-25.2. Regulations authorizing loans not authorized by L.1948, c. 67; power of commissioner
81 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-25-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Commissioner of Banking and Insurance shall have power to make, amend and repeal regulations authorizing banks to make specified kinds of loans or investments not authorized by the act to which this act is a supplement, or not otherwise authorized; except that the commissioner shall not make or continue in force any regulation authorizing banks to make any kind of loan or investment which national banks are not authorized to make.
L.1966, c. 279, s. 1, eff. Sept. 6, 1966.