New Jersey Administrative Code
Title 3 - BANKING
Chapter 14 - BANK SERVICE CORPORATIONS
Subchapter 1 - BANK SERVICE CORPORATIONS
Section 3:14-1.4 - Standards for approving or disapproving applications
Universal Citation: NJ Admin Code 3:14-1.4
Current through Register Vol. 56, No. 18, September 16, 2024
(a) In evaluating an application or notice under 3:14-1.3, the Commissioner may disapprove the application or bank service if, in his or her judgment:
1. The activity is inappropriate for the bank
service corporation or for any affiliate;
2. The activity is unduly risky to the safety
and soundness of the bank service corporation or for any affiliate;
or
3. The bank service corporation
or any affiliate has a substantial problem in any of the following areas:
i. Financial history and condition;
ii. Managerial resources;
iii. Funding and liquidity;
iv. Interest-rate exposure;
v. Concentration of assets; or
vi. Volume of assets classified as
substandard, doubtful or loss, or subject to special mention.
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