N.J. Admin. Code § 17:16-58.1
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise:
"Mortgage-backed senior debt securities" mean senior debt securities that are fully collateralized by mortgage securities.
"Mortgage-backed passthrough securities" mean passthrough securities that are fully collateralized by residential or commercial mortgage securities and are issued by a sponsor deemed by the Director to be based in the United States. In determining whether a sponsor is based in the United States, the Director shall consider factors including, but not limited to, the sponsor's country of incorporation, its main equity trading market, its shareholder base, the geographical distribution of its operations, the location of its headquarters, and the country in which investors consider the sponsor to be most appropriately classified.
N.J. Admin. Code § 17:16-58.1
See: 38 N.J.R. 2039(a), 38 N.J.R. 3632(a).
Former N.J.A.C. 17:16-58.1, Permissible investments, recodified to N.J.A.C. 17:16-58.2.
Amended by R.2014 d.038, effective 3/3/2014.
See: 45 N.J.R. 1477(a), 46 N.J.R. 442(a).
Substituted definitions "Mortgage-backed senior debt securities" and "Mortgage-backed passthrough securities" for definitions "Mortgage backed senior debt securities" and "Mortgage backed passthrough securities", and in definitions "Mortgage-backed senior debt securities" and "Mortgage-backed passthrough securities", deleted "shall" preceding "mean".