Nothing in this act shall prevent a person who is a director or officer of a bank holding company from being a director or officer of any one or more banks which are subsidiaries of such company, nor shall anything in this act prevent a person who is a director or officer of a bank which is a subsidiary of a bank holding company from being a director or officer of any one or more other banks which are subsidiaries of such holding company.

The provisions of this act shall not apply to any automated teller machine or automated teller machine facility located in any building, structure or space the primary purposes or function of which is: unrelated to the provision of financial services to the general public, including but not limited to office buildings, supermarkets, airports and school buildings; to provide automated teller machine services to persons employed in such building; or installed for a temporary purpose for a period of not more than thirty days.

As used in this act: ‘Automated teller machine’ means any electronic information processing device located in the State of New Jersey which accepts or dispenses cash in connection with a credit or deposit account. ‘Operator’ means any State or federally chartered bank, savings bank, savings and loan association, credit union, or other entity, which owns or operates an automated teller machine. L.2004,c.182,s.1.

Every automated teller machine located in this State shall have displayed on it, in a conspicuous place, a permanent, affixed label or notice that appears on the automated teller machine screen that clearly indicates the name and contact telephone number of the operator of the automated teller machine. L.2004,c.182,s.2.

This legal document pertains to the evaluation of the safety of automated teller machines (ATMs). It applies to operators of all ATMs that are in operation after the effective date of this act. The evaluation of ATM safety includes considering the compliance of lighting with the required standards and assessing any obstructions in the area that may adversely affect user safety. The intention of this section is not to impose a duty to close, relocate, or modify ATMs or ATM facilities based on specific events or circumstances, but rather to establish a standard of good faith for their evaluation.

This legal document pertains to bank revolving credit plans. It begins by stating that the interest charged by issuers of bank credit cards may depend on the laws of the state where the bank is chartered or has its principal office. The document highlights that national bank issuers can export the rate of interest allowed in their home state to other states. It also mentions that related charges are considered part of the exportable rate of interest.

This legal document provides definitions for various terms used in the context of credit and lending. It governs the terms and concepts related to borrowers, closed end credit, credit devices, lenders, loans, notes or loan agreements, outstanding unpaid indebtedness, purchases, revolving credit plans, and periodic percentage rates. The document applies to natural persons obtaining credit for personal, family, or household purposes, as well as lenders such as banking institutions, federally chartered savings banks, and associations.

Officers and managers; permitted loans. The Commissioner of Banking may promulgate rules and regulations for the purpose of establishing the terms and conditions of loans made by a savings bank to its managers, directors and officers and their families and other persons with which the manager, director or officer may be affiliated as stockholder, agent, trustee, partner, endorser, surety or obligor. The rules and regulations may prescribe limits on the amount of liability which may be incurred, establish criteria for the terms and security for the loans and set forth procedures for the review and approval of the loans by the management of the savings bank.

This provision requires credit card issuers with an approved registration to provide a one-time, on-campus program of education on the responsible use of credit to students of a campus of an institution of higher education. The program of education must include a full explanation of the financial consequences of not paying off credit card balances in full within the specified time to avoid interest charges, as well as an explanation of how the credit card issuer computes interest on unpaid balances.

The Department of Human Services shall develop criteria which prevention, education, and treatment programs for compulsive gamblers shall meet in order to become eligible for a grant from the funds made available for such programs pursuant to section 145 of P.L.1977, c.110 (C.5:12-145). The department shall also develop a formula for the distribution of available funds which will result in an equitable distribution among the programs which meet the eligibility criteria and apply for grants.