N.J. Admin. Code § 3:6-3.1

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

Section 3:6-3.1 - Limitation on loans to an executive officer

The $ 10,000 maximum loan limitation prescribed in N.J.S.A. 17:9A-72B(2) on loans to an executive officer is increased to an aggregate amount not to exceed at any one time 2.5 percent of the capital funds of the bank, as defined in 17:9A-60, or $ 25,000 whichever is greater, but in no event more than $ 100,000.

N.J. Admin. Code § 3:6-3.1

R.1983 d.606, effective 1/3/1984.
See: 15 New Jersey Register 1786(a), 16 New Jersey Register 45(a).
Recodified from N.J.A.C. 3:6-3.2 by R.2001 d.203, effective 6/18/2001.
See: 33 New Jersey Register 926(a), 33 New Jersey Register 2079(c).
Former N.J.A.C. 3:6-3.1, Definition of executive officer, was repealed.