Example 1: Funds represented by a check on a bank seized by bank regulators are considered received when honored, rather than tendered, even though there were sufficient funds at the time of tender.
Example 2: A check drawn on sufficient funds is considered received when honored, rather than tendered, if honoring the check is delayed due to computer failure (other than a failure of the Division's computers).
N.J. Admin. Code § 18:2-3.9
See: 26 New Jersey Register 1612(a), 26 New Jersey Register 2591(a).