N.J. Admin. Code § 3:14-1.5

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:14-1.5 - Services to noninvestors

(a) A bank service corporation shall not discriminate unreasonably in the provision of any bank services, authorized under 17:9A-24.1 et seq. or this chapter, to any banking institution that does not own stock in the bank service corporation on the ground that the nonstockholding banking institution is in competition with a banking institution that owns stock in the bank service corporation, except that:

1. It shall not be considered unreasonable discrimination for a bank service corporation to charge a nonstockholding banking institution a price for providing bank services that reflects the full cost of offering those services, including the cost of capital and a reasonable return thereon; and

2. It shall not be considered unreasonable discrimination for a bank service corporation to refuse to provide bank services to a nonstockholding banking institution if comparable bank services are available to the nonstockholding institution from another person at a comparable cost, or if the providing of bank services to the nonstockholding institution would be beyond the reasonable capacity of the bank service corporation.

N.J. Admin. Code § 3:14-1.5