N.J. Admin. Code § 3:1-9.8

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:1-9.8 - Powers of the Commissioner; investigations and hearings

(a) In order to aid in determining whether the Act or 3:1-9.7 has been violated by a depository institution other than a national bank, the Commissioner shall have the power to hold hearings, issue subpoenas to compel the attendance of witnesses and the production of documents, papers, books, records and other evidence before him or her.

(b) In the case of a failure of any person to comply with any subpoena issued by the Commissioner or to testify to any matter concerning which he or she may be lawfully interrogated, the Commissioner may apply to the Superior Court for an order requiring the attendance of such person and the giving of testimony or production of evidence.

(c) The Commissioner will grant all written requests for hearing received from national banks. If a national bank requests a hearing and submits voluntarily to the authority of the Commissioner, the Commissioner's powers will be as specified in subsections (a) and (b) of this section.

N.J. Admin. Code § 3:1-9.8

As amended, R.1979 d.415, eff. 10/18/1979.
See: 11 New Jersey Register 426(d), 11 New Jersey Register 534(b).
As amended, R.1983 d.85, eff. 3/21/1983.
See: 15 New Jersey Register 4(a), 15 New Jersey Register 439(b).
Section recodified from N.J.A.C. 3:1-9.10.
Amended by R.2001 d.112, effective 4/2/2001.
See: 33 New Jersey Register 213(a), 33 New Jersey Register 1087(a).
In (a), deleted "hereof" following "N.J.A.C. 3:1-9.7"; in (a) and (b), neutralized gender references.