New Jersey § 17:12b-283

§ 17:12b-283.

a. The commissioner shall have the right to examine any savings and loan holding company

which controls a state association, the cost of which examination shall be assessed

against and paid by the savings and loan holding company in an amount to be set by

rule or regulation of the commissioner. b. The examination authorized by this section shall be conducted jointly, concurrently

or in lieu of examinations made by a federal or other state regulatory agency. The commissioner shall use, to the extent deemed feasible, filings and reports made

by the savings and loan holding company which controls a state association to federal

or other state regulatory authorities. c. A copy of any examination report prepared by the department may be given to any

federal or other state regulatory authority pursuant to a written agreement providing

for the exchange of reports of examinations between the department and the federal

or other state regulatory authority. d. Except as provided in subsection c. of this section, every report and copy of a

report of examination of a savings and loan holding company made by or under the supervision

of the commissioner and every report and copy of a report of examination of a savings

and loan holding company which proposes to control or controls a state association

made by or under the supervision of any federal or other state regulatory authority

shall be confidential, and shall not be made public by any officer, director or employee

of the savings and loan holding company or the department. These reports and reports of examination shall not be subject to subpena or to admission

into evidence in any action or proceeding in any court, except pursuant to an order

of the court made upon notice to the commissioner and after affording the commissioner

an opportunity to advise the court of reasons for excluding from evidence the report

or any portion thereof. The court shall order the issuance of a subpena for the production or admission

into evidence of any report or portion thereof, only if it is satisfied that: (1)

it is material and relevant to the issues in the proceedings; and (2) the ends of

justice and public advantage will be served thereby. This subsection shall not apply to any action or proceeding instituted by the commissioner

or Attorney General pursuant to any law of this State.