New Jersey Administrative Code
Title 3 - BANKING
Chapter 14 - BANK SERVICE CORPORATIONS
Subchapter 1 - BANK SERVICE CORPORATIONS
Section 3:14-1.5 - Services to noninvestors
Universal Citation: NJ Admin Code 3:14-1.5
Current through Register Vol. 56, No. 18, September 16, 2024
(a) A bank service corporation shall not discriminate unreasonably in the provision of any bank services, authorized under 17:9A-24.1 et seq. or this chapter, to any banking institution that does not own stock in the bank service corporation on the ground that the nonstockholding banking institution is in competition with a banking institution that owns stock in the bank service corporation, except that:
1. It shall not be
considered unreasonable discrimination for a bank service corporation to charge
a nonstockholding banking institution a price for providing bank services that
reflects the full cost of offering those services, including the cost of
capital and a reasonable return thereon; and
2. It shall not be considered unreasonable
discrimination for a bank service corporation to refuse to provide bank
services to a nonstockholding banking institution if comparable bank services
are available to the nonstockholding institution from another person at a
comparable cost, or if the providing of bank services to the nonstockholding
institution would be beyond the reasonable capacity of the bank service
corporation.
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