N.J. Admin. Code § 3:1-9.1 - Authority; scope; enforcement
(a) This
subchapter is promulgated pursuant to the provisions of
N.J.S.A. 17:16F-11 and
N.J.S.A. 17:1-8.1 et seq. This subchapter
applies to depository institutions that make mortgage loans. Nothing in this
subchapter is intended to, nor shall it be construed to, encourage unsound
lending practices or the allocation of credit.
(b) Compliance with this subchapter and
N.J.S.A. 17:16F-1 et seq. shall be enforced
by the Commissioner of Banking and Insurance of the State of New
Jersey.
Notes
See: 33 New Jersey Register 213(a), 33 New Jersey Register 1087(a).
In (a), substituted "N.J.S.A. 17:16F-11" for "Chapter I, Public Laws of 1977"; in (b), substituted "N.J.S.A. 17:16F-1 et seq." for "Chapter I, Public Laws of 1977"; substituted "subchapter" for "regulation" throughout.
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