New Jersey § 17:9a-256

§ 17:9a-256.

A. Every bank and out-of-State bank with a branch office in this State shall make

and file in the department, not less than two reports during each year, in the form

prescribed by the commissioner. B. Every report filed pursuant to subsection A of this section shall state in detail

and under appropriate heads the assets and liabilities of the bank or out-of-State

bank at the close of business on any day specified by the commissioner, and shall

be filed in the department within ten days after the receipt by the bank or out-of-State

bank of a request therefor. The report shall be attested by the signatures of at least three directors who are

not officers of the bank or out-of-State bank, and shall be verified by the oaths

of at least two officers of the bank or out-of-State bank. The commissioner may extend for not more than ten days the time within which such

report shall be filed. C. The commissioner shall have power to call for special reports from a bank or out-of-State

bank when, in the commissioner's judgment, such special reports are necessary in order

to obtain a full and complete knowledge of its condition. D. A bank or out-of-State bank which fails to make and transmit a report required

by this section shall be subject to a penalty of not more than $100 for each day during which such failure continues, and the commissioner may revoke or suspend its authority to do business in this State. The penalty may be collected in a summary proceeding pursuant to the “Penalty Enforcement

Law of 1999,” P.L.1999, c. 274 ( C.2A:58-10 et seq. ). A warrant may issue in lieu of a summons . E. The commissioner may waive the requirements of this section if the bank or out-of-State

bank files a similar report with federal regulators and adequate provision is made

for the commissioner to have access to that filing.