Statutes, codes, and regulations
New Jersey Administrative Code
Title 3 - BANKINGChapter 11 - INVESTMENTS
Subchapter 7 - LIMITATION OF LIABILITY TO A BANK, SAVINGS BANK OR STATE ASSOCIATION
Section 3:11-7.3 - Limitations on obligations as endorser or guarantor of installment consumer paper

N.J. Admin. Code § 3:11-7.3

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Current through Register Vol. 57, No. 1, January 6, 2025
Section 3:11-7.3 - Limitations on obligations as endorser or guarantor of installment consumer paper

Obligations as endorser or guarantor of installment consumer paper which carries a full recourse endorsement, repurchase agreement or other unconditional guaranty by the seller may exceed 15 percent but not 25 percent of the capital funds of the bank.

N.J. Admin. Code § 3:11-7.3

Amended by R.2005 d.165, effective 6/6/2005.
See: 37 New Jersey Register 162(a), 37 New Jersey Register 2008(a).
Substituted "recourse" for "resource".