{"data":{"id":"us-nj/n.j.-stat.-17-1-25","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:1-25","heading":"Findings, declarations relative to enforcement powers of Department of Banking and Insurance.","body":"1.\tThe Legislature finds and declares that:\na.\tFinancial institutions increasingly influence and affect the lives and livelihood of consumers in this State to such a degree that the actions, and the potential adverse consequences of any possible abuse by those institutions, need to be diligently monitored and, when appropriate, adequately constrained.\nb.\tExpanding and strengthening the enforcement powers of the Division of Banking within the Department of Banking and Insurance is needed in order to permit the division to maintain and fulfill its duty of responsible oversight of those financial institutions chartered or operating under New Jersey law.\nc.\tModeling these enhanced enforcement powers on those powers currently provided to and utilized by federal financial regulatory agencies will facilitate a uniform approach to regulatory oversight of all financial institutions and promote consistency in efficient and effective regulatory enforcement.\nL.2005,c.195,s.1.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"b5389791742df4a343c8cafaeef4dc7cc80fabbb981942f32834f3e2203c8c7d","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-1-23","next":"us-nj/n.j.-stat.-17-1-26"},"notice":"GroundRules: Original legal text. Not legal advice."}