N.J. Admin. Code § 3:2-1.5

Current through Register Vol. 56, No. 16, August 19, 2024

Section 3:2-1.5 - Notification of possible violation; cease and desist order; grounds; content; hearing; service

(a) If it appears to the Commissioner, based on his or her examination of the advertisement of a financial institution, that the financial institution is in violation of the Act or this chapter, the Commissioner may order such financial institution to show cause why an order directing the financial institution to cease and desist from using the advertisement in question should not be issued.

(b) The order to show cause shall be returnable in not less than 20 days from the date of service thereof. The order to show cause shall contain the following:

1. A statement that the financial institution may request a hearing pursuant to the Administrative Procedure Act;

2. A reference to the particular section of the statute or rule charged to have been violated;

3. A short and plain statement of the facts giving rise to the alleged statutory or rule violation.

(c) Service of the order to show cause shall be made by certified mail, return receipt requested.

N.J. Admin. Code § 3:2-1.5

Amended by R.2000 d.343, effective 8/21/2000.
See: 32 New Jersey Register 2177(a), 32 New Jersey Register 3059(a).
In (a), neutralized gender references.
Amended by R.2006 d.73, effective 2/21/2006.
See: 37 New Jersey Register 3101(a), 38 New Jersey Register 1181(a).
Rewrote the section.