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Section 45:15-12.6 - Approval of depository institution

NJ Rev Stat § 45:15-12.6 (2019) (N/A)
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45:15-12.6. Approval of depository institution

43. The commission shall approve a depository institution as required pursuant to section 42 of this amendatory and supplementary act upon the institution providing written confirmation to the commission that it shall immediately notify the commission of any issuance of a notice to a licensed broker that a check or other instrument written upon the broker's escrow or trust account has been dishonored or returned for insufficient funds.

L.1993,c.51,s.43.

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Section 45:15-12.7 - Agent, custodian may not use interest on escrow funds