New Jersey Statutes 17:3B-44. Charges considered interest
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Terms Used In New Jersey Statutes 17:3B-44
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
16. Notwithstanding the characterization of certain charges in the act as interest, all charges permitted by this act which may be deemed interest by any rules, regulations or interpretations of the Comptroller of the Currency for purposes of section 85 of “The National Bank Act,” 12 U.S.C. § 85, shall be considered interest for purposes of this act.
L.1996,c.137,s.16.