New Jersey Administrative Code › Title 3 - BANKING › Chapter 5 - DEDICATED FUNDING ASSESSMENT › Subchapter 2 - DEFINITIONS › Section 3:5-2.1 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, as used in this chapter, shall
				  have the following meanings, unless the context clearly indicates
				  otherwise.
"Act" means
				  17:1C-33
				  et seq.
"Application fees for licensees" means the non-refundable
				  charges imposed on other financial entities for processing of applications
				  submitted by them to the Department.
"Assessment" means the assessment imposed for the special
				  functions of the Division relative to the financial regulation, supervision and
				  monitoring of depository institutions and other financial entities that it
				  licenses during the previous fiscal year.
"Call report" means the report of general financial condition
				  submitted by all insured depository institutions to the Federal Deposit
				  Insurance Corporation or the National Credit Union Administration, as the case
				  may be, on a quarterly basis and shall include reports filed with the
				  Department by limited purpose companies on a semiannual basis pursuant to
				  N.J.S.A. 17:9A-256.
"Charter fees" means the nonrefundable charges imposed for
				  the initial review by the Division of those seeking New Jersey approval for the
				  initial establishment of a bank, savings bank, savings and loan association or
				  credit union or for the designation as a low income credit union.
"Commissioner" means the Commissioner of Banking and
				  Insurance.
"Consumer Finance" means the Office of Consumer Finance in
				  the Division of Banking in the Department of Banking and Insurance.
"Department" means the Department of Banking and
				  Insurance.
"Depositories" means the Office of Depositories in the
				  Division of Banking in the Department of Banking and Insurance.
"Depository institution" means any entity holding an approval
				  from the Department for the initial establishment of a bank, savings bank,
				  savings and loan association or credit union, irrespective of whether the
				  entity accepts deposits.
"Division" means the Division of Banking in the Department of
				  Banking and Insurance.
"Licensee" means any regulated entity other than a depository
				  institution or credit union.
"Other financial entity" means a person who is licensed
				  pursuant to: the New Jersey Residential Mortgage Lending Act,
				  17:11C-51
				  et seq.; the New Jersey Consumer Finance Licensing Act,
				  17:11C-1 to
				  43; the Check Cashers Regulatory Act of 1993, P.L. 1993, c. 383 (17:15A-30 et seq.);
				  the New Jersey Money Transmitters Act,
				  P.L.
				  1998, c. 14
				  (17:15C-1 et seq.);
				  the Insurance Premium Finance Company Act, P.L. 1968, c. 221 (17:16D-1 et seq.);
				  the Retail Installment Sales Act of 1960, P.L. 1960, c. 40 (17:16C-1 et seq.);
				  the Door-to-Door Retail Installment Sales Act of 1968, P.L. 1968, c. 223
				  (17:16C-61.1 et seq.);
				  the Home Repair Financing Act, P.L. 1960, c. 41 (17:16C-93 et seq.);
				  the Door-to-Door Home Repair Sales Act of 1968, P.L. 1968, c. 224
				  (17:16C-95 et seq.);
				  the Debt Adjusters Act, P.L. 1979, c. 16 (17:16G-1 et seq.);
				  the Pawnbroking Law, P.L. 1931, c. 294 (45:22-1
				  et seq.); the New Jersey Home Ownership Security Act,
				  P.L.
				  2003, c. 64,
				  §11 (46:10B-32
				  ); or the Foreclosure Rescue Fraud Prevention Act,
				  P.L.
				  2011, c. 146
				  (46:10B-53 et
				  seq.).
"Regulated entity" means a depository institution, other
				  financial entity or person chartered, licensed or registered by the Division of
				  Banking or that should be chartered, licensed or registered.