New Jersey § 17:9a-453
Full text of New Jersey New Jersey Statutes § 17:9a-453, with citation guidance and answers to common questions.
§ 17:9a-453.
a. No commercial lending company shall transact business in this State except at an
office it is licensed to establish and at which it is permitted by sections 72 through
78 of P.L.1996, c. 17 ( C. 17:9A-453 through C. 17:9A-459 ) to transact such business. b. Subsection a. of this section shall not prohibit: (1) Any commercial lending company from carrying on the activities described in paragraph
(2) of N.J.S. 14A:13-3 ; (2) Any commercial lending company from making in this State loans secured by liens
on real or personal property located in this State or enforcing those loans in this
State; or (3) Any commercial lending company from transacting trust business in this State so
long as the trust business is not conducted from any office or location in this State
and that trust business is limited to trust business permitted by, and conducted pursuant
to a certificate of authority issued by the commissioner in accordance with subsection
B. of section 316 of P.L.1948, c. 67 ( C. 17:9A-316 ). c. No person shall establish an office in this State for a commercial lending company
unless the commercial lending company is licensed to transact business in this State. For purposes of this section, if anyone establishes an office to act on behalf of
or solicit business for a commercial lending company in this State, the office shall
be deemed to be the office of the commercial lending company regardless of whether
the business of the commercial lending company is transacted at that office.
Frequently Asked Questions About New Jersey § 17:9a-453
What does New Jersey Statutes § 17:9a-453 cover?
Section 17:9a-453 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 § 17:9a-453?
A common citation format is "New Jersey Statutes § 17:9a-453" (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 § 17:9a-453 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.