New Jersey § 17:12b-168
Full text of New Jersey New Jersey Statutes § 17:12b-168, with citation guidance and answers to common questions.
§ 17:12b-168.
No State association shall make loans or extensions of credit in an amount greater than that permitted for banks
and savings banks pursuant to sections 60 through 63 of P.L.1948, c. 67 ( C.17:9A-60 through 17:9A-63 ) . Notwithstanding the above limits, the commissioner may adopt, amend, alter or rescind
regulations permitting associations to make loans for a greater amount or to increase
the percentage limitation hereinabove set forth. The commissioner may give consideration to the size of the association, its reserves
and current economic conditions in issuing such regulations. Any loans or investments legally made under the provisions of regulations adopted
under the authority granted by this section shall be legal loans or investments if
they conform with the regulations in effect at the date of closing or purchase of
said loan or investment, notwithstanding the subsequent amendments, alterations, rescissions
or repeals of the regulations in effect at the date of such closing or purchase.
Frequently Asked Questions About New Jersey § 17:12b-168
What does New Jersey Statutes § 17:12b-168 cover?
Section 17:12b-168 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:12b-168?
A common citation format is "New Jersey Statutes § 17:12b-168" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:12b-168 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.