New Jersey Statutes 17:16H-1. Definitions
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 17:16H-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
1. As used in this act:
a. “Financial institution” shall mean any bank, savings bank, state association, credit union, residential mortgage lender, residential mortgage broker, consumer lender or any other institution, corporation, partnership or individual subject to the supervision, regulation or licensing by the Department of Banking and Insurance.
b. “Commissioner” shall mean the Commissioner of Banking and Insurance of New Jersey.
L.1979, c.193, s.1; amended 2018, c.108, s.16.