N.J.S.A. 17:16L-3

Penalty for violation

17:16L-3. Penalty for violation Any banking institution which willfully violates any provision of this act or any regulation promulgated in accordance therewith shall be subject to a fine of not more than $1,000.00 for each violation, up to a maximum of $5,000.00 in any one year, to be recovered in a summary proceeding under "the penalty enforcement law" (N.J.S. 2A:58-1 et seq.). L. 1985, c. 370, s. 3.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 17:16L-3, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.