N.J. Admin. Code § 3:11-12.3
A savings bank may apply to the Commissioner for approval to exceed the 10 percent commercial loan limitation provided in 17:9A-26(7). The application shall be submitted on forms prescribed by the Commissioner. The application shall contain a request by the savings bank to have the Commissioner approve the savings bank's granting commercial loans up to a specific percentage limitation, beyond the statutorily authorized 10 percent, or in an unlimited amount, as the board of the savings bank may by resolution specify. A certified copy of the board resolution shall be submitted with the application. The application shall contain such data as the Commissioner may require in order to make the findings called for in 17:9A-26(7) and 3:11-12.4.
N.J. Admin. Code § 3:11-12.3