New Jersey § 17:16K-12 Provisions; enforcement, penalty for violation

New Jersey Statutes

§ 17:16K-12 — Provisions; enforcement, penalty for violation

New Jersey § 17:16K-12

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:16K-12 (Provisions; enforcement, penalty for violation) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:16K-12 (2026).

Text

6.

a.The Department of Banking shall enforce the provisions of this act.

b.Any party responsible hereunder found to be in violation of any provision of this act shall correct the violation within five business days after such finding. Failure to correct the violation within five business days after such finding may subject the party to a civil penalty of not more than $250 which may be collected by summary proceedings instituted by the Commissioner of Banking in accordance with "the penalty enforcement law" (N.J.S.2A:58-1 et seq.). L.1995,c.117,s.6.

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6. a. The Department of Banking shall enforce the provisions of this act. b. Any party responsible hereunder found to be in violation of any provision of this act shall correct the violation within five business days after such finding. Failure to correct the violation within five business days after such finding may subject the party to a civil penalty of not more than $250 which may be collected by summary proceedings instituted by the Commissioner of Banking in accordance with "the penalty enforcement law" (N.J.S.2A:58-1 et seq.). L.1995,c.117,s.6.