New Jersey § 17:9a-457
Full text of New Jersey New Jersey Statutes § 17:9a-457, with citation guidance and answers to common questions.
§ 17:9a-457.
a. (1) No commercial lending company which is licensed to establish a commercial lending
office shall close its office unless the commissioner shall have first approved the
closing. (2) Paragraph (1) shall not prohibit a commercial lending company which is licensed
to establish a commercial lending office from closing its office in accordance with
sections 79 through 85 of P.L.1996, c. 17 ( C. 17:9A-460 through C. 17:9A-466 ). b. If the commissioner finds, with respect to an application by a commercial lending
company to close a commercial lending office, that the closing of the office will
not be substantially detrimental to the public convenience and advantage, the commissioner
shall approve the application. If the commissioner finds otherwise, the commissioner shall deny the application. c. Whenever an application by a commercial lending company to close a commercial lending
office has been approved and all conditions precedent to that closing have been fulfilled,
the commercial lending company may close its office and shall promptly thereafter
surrender to the commissioner the license which authorized it to establish the office.
Frequently Asked Questions About New Jersey § 17:9a-457
What does New Jersey Statutes § 17:9a-457 cover?
Section 17:9a-457 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-457?
A common citation format is "New Jersey Statutes § 17:9a-457" (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-457 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.