New Jersey § 17:2A-2 Emergency rules and regulations;  adopted by commissioner

New Jersey Statutes

§ 17:2A-2 — Emergency rules and regulations; adopted by commissioner

New Jersey § 17:2A-2

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:2A-2 (Emergency rules and regulations; adopted by commissioner) 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. § 17:2A-2 (2026).

Text

The Commissioner of Banking and Insurance may adopt rules and regulations affecting financial institutions which hold, make or purchase mortgage loans within a disaster area during a period of emergency. Such rules and regulations may, to the extent deemed necessary by the commissioner, authorize financial institutions to refinance, compromise, adjust or otherwise relax provisions of mortgage loans held by them on property within a disaster area, or to make or purchase mortgage loans on such property notwithstanding any law of this State concerning ratio of mortgage loans to appraised value, rank of lien, minimum amortization, maximum maturity date, prior appraisals, or other limitations which the commissioner determines should be waived, modified or relaxed during a period of emergency. L

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The Commissioner of Banking and Insurance may adopt rules and regulations affecting financial institutions which hold, make or purchase mortgage loans within a disaster area during a period of emergency. Such rules and regulations may, to the extent deemed necessary by the commissioner, authorize financial institutions to refinance, compromise, adjust or otherwise relax provisions of mortgage loans held by them on property within a disaster area, or to make or purchase mortgage loans on such property notwithstanding any law of this State concerning ratio of mortgage loans to appraised value, rank of lien, minimum amortization, maximum maturity date, prior appraisals, or other limitations which the commissioner determines should be waived, modified or relaxed during a period of emergency. L.1962, c. 43, s. 2.

Nearby Sections

4

§ 17:2A-1

Definitions

§ 17:2A-2

Emergency rules and regulations; adopted by commissioner

§ 17:2A-3

Basis for rules; rates and interest charges; property not affected by disaster

§ 17:2A-4

Exercise of emergency powers; declaration by commissioner; operative period of rules and regulations

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Bluebook (online)

New Jersey § 17:2A-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A2A-2.