Can you summarize NJST Chapter 17:13?
The provided legal document content consists of various sections and provisions related to the establishment, governance, operations, and supervision of credit unions in New Jersey. The documents cover a wide range of topics, including the incorporation and chartering of credit unions, membership requirements, powers and authorities of credit unions, governance structure, board of directors, committees, and officers, examination and supervision by the commissioner, financial reporting and audits, loans and lending practices, reserves and dividends, withdrawal of funds, mergers, investments, and compliance with state and federal laws.
Can you summarize NJST Chapter 17:15C?
These legal documents pertain to licensees in the finance and insurance industry in New Jersey. They cover various aspects such as record-keeping requirements, investigation and licensing of applicants, security devices for foreign money transmitters, definitions of terms, exemptions from the application of the act, net worth requirements, application filing requirements, jurisdiction and service of process, regulations, violations and penalties, powers of the commissioner, confidentiality of information, suspension and revocation of licenses, authorized delegates, acquisition of control, investigation and examination of licenses.
Can you summarize NJST Chapter 17:16E?
The provided legal document content pertains to the regulation of interlocking relationships among financial institutions in New Jersey. It states that a person who is a director or officer of a bank holding company can also be a director or officer of any one or more banks that are subsidiaries of the holding company. Similarly, a person who is a director or officer of a bank that is a subsidiary of a bank holding company can also be a director or officer of any one or more other banks that are subsidiaries of the holding company.
Can you summarize NJST Chapter 17:3B?
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.
Can you summarize NJST Chapter 17:4?
The provided legal document content pertains to the governance of successor companies and predecessor companies in the finance and insurance sector under the New Jersey General and Permanent Statutes. It defines the terms ‘successor company’ and ‘predecessor company’ and outlines the specific inclusions for each term. A successor company, formed under certain provisions, may be substituted as a fiduciary in matters where the predecessor company has qualified. The substitution is subject to the best interests of the trust or relation and in aid of the liquidation.
Can you summarize NJST Chapter 17:9A?
The legal document governs the establishment, operation, and closure of various types of offices and entities related to foreign banks and commercial lending companies in the state of New Jersey. It regulates the acquisition of New Jersey banks and bank holding companies by individuals or entities. The document sets out the conditions and requirements for obtaining licenses, conducting business, and complying with applicable laws and regulations. It applies to foreign banks, commercial lending companies, bank holding companies, and individuals or entities seeking to acquire New Jersey banks or bank holding companies.
Can you summarize NJST Chapter 18A:3C?
The provided legal document content governs credit card solicitations on campuses of institutions of higher education in New Jersey. It prohibits credit card issuers from issuing credit cards to students enrolled in an institution of higher education unless the student has attended a one-time, on-campus program of education provided by the credit card issuer. The document also prohibits credit card issuers from purchasing student information from institutions of higher education or offering gifts or promotional incentives to entice students to apply for a credit card.
Can you summarize NJST Chapter 2C:37?
The New Jersey Code of Criminal Justice contains provisions related to gambling and various gambling-related offenses. It states that no penalty or disability shall apply to the rendering of consultation or advice in connection with a lottery, or the manufacturing, processing, selling, possessing, or transporting of equipment, tickets, or materials for use in a lottery. However, there are exemptions for lotteries conducted by states of the United States and lotteries conducted in compliance with the laws of a foreign country.
Can you summarize NJST Chapter 31:1?
This legal document authorizes and empowers counties, municipalities, school districts, bodies corporate and politic, districts or public authorities, agencies, commissions, or other public institutions created by the State, any county, or municipality to contract to pay interest on money borrowed without any limitations on the rate of interest per annum or the annual interest cost to maturity. The document overrides any other law, statute, or regulation that imposes a maximum rate of interest or annual interest cost on bonds, notes, or other obligations.
Can you summarize NJST Chapter 46:30B?
The legal document content provides a comprehensive overview of the New Jersey General and Permanent Statutes related to PROPERTY. It covers various aspects such as the assessment of costs for examination, form of claim and allowance, actions in the Chancery Division of the Superior Court, establishment and management of trust funds, confidentiality of certain records, purchaser’s rights at sale, conditions for subjecting property to custody of the State, property held in fiduciary capacity, exemptions for foreign property, reclamation of property by the holder, maintenance of records by the administrator, presumption of abandonment, limitation on holder’s power to impose charges, appeals process, reporting of previous holders, notice requirements for undeliverable notices, destruction or disposal of property, interstate agreements, examination of records by the administrator, amounts presumed abandoned, and limitations on holder’s power to impose charges.