17:9A-456. Commercial lending company, functions permitted
63 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-456A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
75. A commercial lending company which is licensed to establish a commercial lending office may, subject to such regulations or orders as the commissioner may prescribe, engage in representational functions at the commercial lending office for a foreign bank but shall not solicit or accept deposits or credit balances or otherwise transact business at the office on behalf of a foreign bank.
L.1996,c.17,s.75.