New Jersey Administrative Code
Title 3 - BANKING
Chapter 11 - INVESTMENTS
Subchapter 11 - RESTRICTIONS OF LEEWAY INVESTMENTS
Section 3:11-11.7 - Prohibition against tie-in requirements
Universal Citation: NJ Admin Code 3:11-11.7
Current through Register Vol. 56, No. 18, September 16, 2024
A bank, who invests in subsidiary companies pursuant to this subchapter or engages directly in those activities which are prescribed in this subchapter for subsidiary companies, shall not directly or indirectly condition any extension of credit, lease or sale of property of any kind, or furnish any service on the requirement that the customer shall obtain some other credit, property, or service from the bank or any subsidiary company of the bank, other than a loan, discount, deposit, or trust service.
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