{"data":{"id":"us-nj/n.j.-stat.-17-9a-459","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-459","heading":"Granting of right to operate as commercial lending company","body":"78.  The commissioner shall have the power to grant to any organization which is organized under the laws of this State, including but not limited to a corporation, limited partnership, limited liability company, joint venture or partnership, the right to operate as a commercial lending company if the commercial lending company:  will be licensed under sections 72 through 77 of P.L.1996, c.17 (C.17:9A-453 through C.17:9A-458); is a subsidiary of a foreign bank; and agrees in its certificate of incorporation or organization or similar document to limit its activities to those permitted to a commercial lending company under sections 37 through 86 of P.L.1996, c.17 (C.17:9A-418 through C.17:9A-467) and Regulation K promulgated by the Federal Reserve, 12 CFR 211 et seq.  Any such grant shall be issued in connection with and as part of a license for a commercial lending office hereunder.\nL.1996,c.17,s.78.","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":"51106b65f2a52c4b7ec64c98542a6fa738809dc9b780796d05c4b769e63597ba","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-458","next":"us-nj/n.j.-stat.-17-9a-460"},"notice":"GroundRules: Original legal text. Not legal advice."}