BANKING

DEPARTMENT OF BANKING AND INSURANCE

DIVISION OF BANKING

General Provisions

Readoption with Amendments: N.J.A.C. 3:1

Proposed: January 16, 2001 at 33 N.J.R. 213(a)

Adopted: March 6, 2001 by Karen L. Suter, Commissioner Department of Banking and Insurance

Filed: March 6, 2001 as R.2001 d. 112, without change

Authority: N.J.S.A. 17:1-8, 17:8.1, 17:2A-1 et seq., 17:9-41, 17:9A-1 et seq., 17:9A-9, 17:9A-24a, 17:9A-25.2, 17:9A-316, 17:11C-49, 17:12B-1 et seq, 17:16F-11, 17:16I-1 et seq., 17:16L-1 et seq., and 17:16N-1 et seq.

Effective Date: March 6, 2001, Readoption;

April 2, 2001, Amendments.

Expiration Date: March 6, 2006

Summary of Public Comment and Agency Response:

No comments were received.

Federal Standards Statement

The readopted rules and readopted amendments do not contain any standards or requirements which exceed the standards or requirements imposed by Federal law. The rules and amendments continue to apply certain Federal statutes and regulations to New Jersey financial institutions. The Federal statutes and regulations involved are 12 U.S.C. 2901, 12 U.S.C. 1831o, 12 C.F.R. 325.2(k) and 12 C.F.R. 229.

Full text of the readoption can be found in the New Jersey Administrative Code at N.J.A.C. 3:1.

Full text of adopted amendments follows: