New Jersey Administrative Code
Title 3 - BANKING
Chapter 17 - CONSUMER LENDERS AND SALES FINANCE COMPANIES
Subchapter 1 - GENERAL PROVISIONS
Section 3:17-1.5 - License names permitted
Universal Citation: NJ Admin Code 3:17-1.5
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The number of alternate or trade names that may be used by a licensee in this State shall not exceed three, unless:
1. The licensee provides
evidence to the Commissioner that prohibiting it from using four or more
alternate or trade name would produce a substantial and unreasonable hardship
on the licensee beyond the mere inability to market under the new name, and the
licensee can satisfy the Department that procedures have been established to
assure that consumers will not be misled about the true identity of the
licensee. The Commissioner shall not grant an exception to the limitation of
three alternate or trade names under this paragraph except in extraordinary
circumstances; or
2. The licensee
has, prior to November 4, 2002, been approved to use four or more alternate or
trade names, in which case the licensee may continue to use those names, but
shall not be approved to use an additional alternate or trade name until the
total number of alternate or trade names being used by that licensee is two or
fewer, unless a larger number is permitted pursuant to (a)1 above.
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