{"data":{"id":"us-nj/n.j.-stat.-17-16s-2","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:16S-2","heading":"Bank service fee on orders of execution; definitions","body":"22. A depository institution which is presented with an execution on an account pursuant to N.J.S.2A:17-57 et seq., may deduct from the amount levied  and retain for itself as compensation for its expenses and services, a service fee, provided that the deposit agreement between the depository institution and the depositor provides for such a fee.  The portion of any service fee which has priority over an execution pursuant to this section shall not exceed $60 or such greater or lesser amount as the Commissioner of Banking and Insurance may establish from time to time by regulation.\nNothing herein shall affect  the validity or priority of any lien or other right of set-off that the depository institution may have with respect to the account which is levied upon.\nFor purposes of this section:\n\"Account\" means a checking account, savings account or other deposit account of a type which is insured by the Federal Deposit Insurance Corporation.\n\"Depository institution\" means any state or federally chartered bank, savings bank, savings and loan association or credit union which accepts deposits of funds.\nL.1997,c.33,s.22.","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":"c351f4c18c64e6efa098700c87c4bd82effcc7a9a1b0a1f36ecd324df8e66064","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-16s-1","next":"us-nj/n.j.-stat.-17-16t-1"},"notice":"GroundRules: Original legal text. Not legal advice."}