N.J. Admin. Code § 3:11-11.7

Current through Register Vol. 56, No. 17, September 3, 2024
Section 3:11-11.7 - Prohibition against tie-in requirements

A bank, who invests in subsidiary companies pursuant to this subchapter or engages directly in those activities which are prescribed in this subchapter for subsidiary companies, shall not directly or indirectly condition any extension of credit, lease or sale of property of any kind, or furnish any service on the requirement that the customer shall obtain some other credit, property, or service from the bank or any subsidiary company of the bank, other than a loan, discount, deposit, or trust service.

N.J. Admin. Code § 3:11-11.7