New Jersey Administrative Code
Title 3 - BANKING
Chapter 5 - DEDICATED FUNDING ASSESSMENT
Subchapter 6 - OBJECTION TO ASSESSMENT
Section 3:5-6.1 - Time to object and decision on objections

(a) Within 15 days after the date of mailing a statement of the assessment as provided in 3:5-3.1(b), a regulated entity may file objections to its assessment with the Commissioner. All such objections must be filed in writing.

(b) Upon being filed, the validity of such objections shall be determined by the Commissioner in accordance with 17:1C-36 and 37.

(c) If, after having determined the validity of an objection, the Commissioner finds any part of the assessment against the objecting regulated entity excessive, erroneous, unlawful or invalid, he or she shall transmit to the objector, by registered mail, his or her findings and an amended statement of the assessment in accordance with those findings, which shall have the same force and effect as an original statement of the assessment. If the Commissioner finds the entire statement of the assessment unlawful or invalid, he or she shall notify the objector, by registered mail, of that determination, and the original statement of the assessment shall be null and void. If the Commissioner finds that the statement as rendered is neither excessive, erroneous, unlawful nor invalid, in whole or in part, he or she shall transmit notice thereof to the objector by registered mail.