New Jersey § 17:1-28

§ 17:1-28.

a. In addition to any other penalty provided by law, if the commissioner determines

that a bank, savings bank, State association, or any officer, director, employee or

major shareholder thereof, has violated a provision of section 3 of this act, 1 the commissioner may impose any one or more of the following penalties and sanctions

as he deems appropriate. The commissioner may: (1) Impose a civil penalty of up to $10,000 for each violation, or up to $50,000 for

each willful violation; (2) Suspend, revoke or refuse to renew a license issued by the department; (3) Temporarily remove a person responsible for a violation of this act from working

in that person's present capacity or in any capacity related to activities regulated

by the department; (4) Prohibit or bar a person responsible for a violation of this act from working

in that person's present capacity or in any capacity related to activities regulated

by the department; (5) Order a person to cease and desist any violation of this act; (6) Order a person to make restitution for actual damages; (7) Enter an appropriate temporary order, to be effective immediately and until entry

of a final order, pending completion of an investigation or any formal proceeding

instituted pursuant to this act, if the commissioner finds that the interests of the

public require immediate action to prevent undue harm to the covered institution,

depositors or the public. Orders issued pursuant to this paragraph shall be subject to an application to vacate

upon two days' notice, and a preliminary hearing on the temporary order shall be held,

in any event, within five days after it is issued, in accordance with the provisions

of the “Administrative Procedure Act,” P.L.1968, c. 410 ( C.52:14B-1 et seq. ); and (8) Impose other sanctions or conditions as the commissioner deems appropriate. b. Penalties and other sanctions shall be reasonable, based on the nature, extent

and frequency of the violation, and the risk to the covered institution, depositors

and the public. In addition to these factors, the commissioner shall consider, when determining

the amount of a monetary penalty against an institution pursuant to paragraph (1)

of subsection a. of this section, the amount of other monetary penalties, if any,

imposed, or to be imposed, by another regulatory agency or through other legal process,

and the impact of the total penalties on the institution. c. A decision of the commissioner shall be a final order of the department and shall

be enforceable in a court of competent jurisdiction. d. The department shall publish the final adjudication issued in accordance with this

section, subject to redaction or modification to preserve confidentiality. e. Orders may be appealed as a final administrative action pursuant to the “Administrative

Procedure Act,” P.L.1968, c. 410 ( C.52:14B-1 et seq. ). 1

N.J.S.A. § 17:1-27.