The State of New Jersey
NJ Department of Banking and Insurance
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About the Division of Banking
General Information
PO Box 040, Trenton, NJ 08625
unless noted in the listing below)
Office of Depositories
Depository Charters; Applications; Examinations; Filings; Reports

Phone: 609-292-7272
FAX: 609-292-6703

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Licensing Services, Banking

License types include:
Residential Mortgage Lender; Correspondent Residential Mortgage Lender; Residential Mortgage Broker; Mortgage Loan Originator; Consumer Lender; Sales Finance Company; Motor Vehicle Installment Seller; Home Repair Contractor/Home Repair Salesperson; Home Financing Agency; Pawnbroker; Check Casher; Insurance Premium Finance Company; Debt Adjuster (Non-Profit Consumer Credit Agency); Foreign Money Transmitter; Money Transmitter; High Cost Home Loan Credit Counselor

Phone: 609-292-7272
FAX: 609-633-0822
PO Box 473, Trenton, NJ 08625

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Consumer Inquiry and Response Center (CIRC)
Consumer Inquiries and Complaints

Phone: 609-292-7272 or 1-800-446-7467
FAX: 609-777-0508 or 609-292-2431

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Title 17, Chapter 9A-260 of the New Jersey statutes specifies that whenever and as often as the director of Banking deems it advisable, each State-chartered bank shall "be examined to determine whether the bank is conducting its business in conformity with the laws of this State...and with safety to its depositors, other creditors and the public."

Similar requirements of State-chartered savings and loan associations appear at N.J.S.A. 17:12B-172. Other sections of title 17 and title 45 empower the Division to examine mortgage bankers, mortgage brokers, insurance premium finance companies, consumer loan companies, secondary mortgage companies, credit unions and pawnbrokers.

The Division consists of two offices. The Office of Depositories conducts examinations of State-chartered banking and savings and loan institutions, as well as taking enforcement actions against any where violations of banking law or regulations occur. Corresponding responsibilities have been assigned to the Office of Consumer Finance for the other types of lenders listed above, including credit unions. (For licensee requirements and information, see Licensing Services, Banking)

The Office of Depositories, in addition, processes and reviews applications by depository institutions for new charters, branches, relocations, plans of acquisition, mergers, bulk sales, stock conversions and auxiliary offices, while the Office of Consumer Finance investigates complaints filed by consumers against institutions which the Division regulates.

These two offices, in cooperation with the Offices of the Commissioner, also serve as a source of new legislation and administrative regulations enacted from time to time in response to emerging needs of the consumer public or financial industry.

National banks are examined by the U.S. Office of the Comptroller of the Currency (OCC), with membership in the Federal Reserve system a requirement for national banks and optional for State-chartered banks. (Please note: on July 21, 2011, the Office of Thrift Supervision (OTS) became part of the Office of the Comptroller of the Currency (OCC).)

Federally chartered savings and loan associations are also regulated by the U.S. Office of the Comptroller of the Currency (OCC) and federal credit unions by the National Credit Union Administration.

In the case of State-chartered commercial banks which are members of the Federal Reserve system, the Division conducts examinations on an alternating yearly basis with the Federal Reserve.

State-chartered commercial banks are examined alternately by the Division and the Federal Deposit Insurance Corporation (FDIC).

Conference of State Bank Supervisors

New Jersey and the Conference of State Bank Supervisors
The New Jersey Department of Banking and Insurance is a member of the Conference of State Bank Supervisors, the nationwide organization of state banking regulators from all 50 states and the U.S. territories.

For more than a century, CSBS has given state supervisors a national forum to coordinate supervision of their regulated entities and to develop regulatory policy.

CSBS also provides training and professional development to state banking and financial regulators and represents its members before Congress and the federal financial regulatory agencies. The mission of CSBS is to support the leadership role of state banking supervisors in advancing the state banking system and state financial regulation, benefitting the public by ensuring safety and soundness, promoting economic growth and consumer protection, and fostering innovative state regulation and supervision of the financial services industry.
OPRA is a state law that was enacted to give the public greater access to government records maintained by public agencies in New Jersey.
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New Jersey Department of Banking and Insurance