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Can you summarize 3 NJAC Chapter 13?
BANKING > BANK HOLDING COMPANIES
Short Summary
The provided legal document content pertains to bank holding company applications, reporting requirements, examinations, and regulations in New Jersey. It defines various terms related to bank holding companies and their applications. The document outlines the application process for acquiring a New Jersey bank or New Jersey bank holding company, including the required information and documentation. It also mandates the filing of certain reports with the Commissioner to enable monitoring of the activities of bank holding companies or persons that control a New Jersey bank or bank holding company. The document further outlines the process and charges associated with bank holding company examinations in New Jersey. Additionally, it governs the operations and activities of bank holding companies in the state, ensuring compliance with applicable laws and regulations. The document also provides definitions for terms used in the context of bank holding companies and mutual savings bank holding companies. It governs the formation and operation of mutual savings bank holding companies in New Jersey, outlining the application process and factors considered for approval. The document does not mention specific exemptions or penalties for non-compliance.
Whom does it apply to?
Bank holding companies, persons that control a New Jersey bank or bank holding company
What does it govern?
Bank holding company applications, reporting requirements, examinations, and regulations in New Jersey
What are exemptions?
Specific exemptions are not mentioned in the documents.
What are the Penalties?
Specific penalties for non-compliance are not mentioned in the documents.
Jurisdiction
New Jersey