Section 17:16C-7 - Application fee for sales finance companies, license periodEvery application for a new license shall be accompanied by a nonrefundable application fee as provided in subsection d. of section 8 of P.L. 1996, c. 157(C.17:11C-8).
The license shall run from the date of issuance to the end of a term of not less than two years as set by the commissioner by regulation.
Amended by L. 2007, c. 81,s. 18, eff. 5/4/2007.L.1960, c.40, s.7; amended 1971, c.58, s.1; 1981, c.321, s.1; c. 157, s. 52; c. 250, s. 5. L. 2007, c. 81,s. 29, states, "This act shall take effect immediately, but remain inoperative until July 1, 2006, and if enacted after that date, shall be retroactive to July 1, 2006; except that provisions of this act which amend the term of a license shall remain inoperative until the Commissioner of Banking and Insurance adopts regulations establishing the new license terms authorized by this act. The Commissioner of Banking and Insurance may immediately undertake action to promulgate any regulation necessary to implement the provisions of this act." .