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Section 17:16Q-1 - Definitions

NJ Rev Stat § 17:16Q-1 (2019) (N/A)
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17:16Q-1. Definitions

1. As used in this act:

"Appropriate federal financial supervisory agency" means:

a. The Comptroller of the Currency with respect to federally chartered banks;

b. The Board of Governors of the Federal Reserve System with respect to bank holding companies and State chartered banks which are members of the Federal Reserve System;

c. The Federal Deposit Insurance Corporation with respect to State chartered banks and savings banks which are not members of the Federal Reserve System; and

d. The Director of the Office of Thrift Supervision with respect to associations whose deposits are insured by the Federal Deposit Insurance Corporation, and association holding companies.

"Board" means the Community Financial Services Advisory Board established pursuant to section 3 of this act.

"Commissioner" means the Commissioner of Banking.

"CRA" means the "Community Reinvestment Act of 1977," Pub.L. 95-128 (12 U.S.C. s.2901 et seq.).

"Depository institution" means a State or federally chartered bank, savings bank or savings and loan association located in this State.

L.1991,c.294,s.1.

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