New Jersey Administrative Code
Title 3 - BANKING
Chapter 11 - INVESTMENTS
Subchapter 7 - LIMITATION OF LIABILITY TO A BANK, SAVINGS BANK OR STATE ASSOCIATION
Section 3:11-7.3 - Limitations on obligations as endorser or guarantor of installment consumer paper
Universal Citation: NJ Admin Code 3:11-7.3
Current through Register Vol. 56, No. 18, September 16, 2024
Obligations as endorser or guarantor of installment consumer paper which carries a full recourse endorsement, repurchase agreement or other unconditional guaranty by the seller may exceed 15 percent but not 25 percent of the capital funds of the bank.
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