38:23B-14.2. Notice of election by bank as to guarantee or insurance of loan
127 words·~1 min read·
/nj/title-38/chapter-23b/38-23b-14-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every bank which heretofore made any veteran's loan under and pursuant to the provisions of chapter one hundred twenty-six of the laws of one thousand nine hundred and forty-four and every bank which may hereafter make its initial veteran's loan shall elect, prior to the first day of July, one thousand nine hundred and forty-five, or simultaneously with the submission for approval of its initial veteran's loan, whichever is later, to have all veterans' loans made and to be made by such bank either insured in accordance with the provisions of section nine hereof or guaranteed in accordance with the provisions of section ten hereof.
Notice of such election shall be made on such form as the commissioner shall prescribe.
L.1945, c. 185, p. 628, s. 8.