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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 16Y: Use of trade name, trademark of depository institution.

      Section: 17:16Y-4: Violations, penalties.

          
4. a. A person who violates the provisions of this act shall be liable to a penalty of $1,000 for each violation. The penalty shall be collected by the Commissioner of Banking and Insurance in accordance with the "Penalty Enforcement Law of 1999," P.L.1999, c.274 (C.2A:58-10 et seq.). The penalty provided by this section shall be in addition to any other penalty provided under applicable law.

b. In addition to the penalties of subsection a. of this section, the Commissioner of Banking and Insurance shall order any person in violation of this act to cease their unlawful practices.

L.2007, c.51, s.4.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:16Y-4 (if available):



Court decisions that cite this statute: CLICK HERE.