New Jersey Administrative Code
Title 3 - BANKING
Chapter 1 - GENERAL PROVISIONS
Subchapter 9 - HOME MORTGAGE DISCLOSURE
Section 3:1-9.8 - Powers of the Commissioner; investigations and hearings

Universal Citation: NJ Admin Code 3:1-9.8

Current through Register Vol. 56, No. 18, September 16, 2024

(a) In order to aid in determining whether the Act or 3:1-9.7 has been violated by a depository institution other than a national bank, the Commissioner shall have the power to hold hearings, issue subpoenas to compel the attendance of witnesses and the production of documents, papers, books, records and other evidence before him or her.

(b) In the case of a failure of any person to comply with any subpoena issued by the Commissioner or to testify to any matter concerning which he or she may be lawfully interrogated, the Commissioner may apply to the Superior Court for an order requiring the attendance of such person and the giving of testimony or production of evidence.

(c) The Commissioner will grant all written requests for hearing received from national banks. If a national bank requests a hearing and submits voluntarily to the authority of the Commissioner, the Commissioner's powers will be as specified in subsections (a) and (b) of this section.

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