Skip to main content
Find a Lawyer

New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 1C-45

Current as of January 01, 2024 | Updated by Findlaw Staff

a. Notwithstanding any law or regulation to the contrary, a regulated entity paying the amounts assessed to it in statements of the assessment made pursuant to section 3 of this act  1 shall be exempt from all fees or charges imposed by the division pursuant to any other provision of law or regulation, except for:

(1) charter fees;

(2) application fees for licenses;

(3) (Deleted by amendment, P.L.2009, c. 53)  2

(4) fees for entry by a foreign depository institution whether from another state of the United States or from another country into New Jersey for branch, trust or other activities;

(5) (Deleted by amendment, P.L.2009, c. 326)

(6) fees charged any entity not chartered, licensed or registered by this State, including but not limited to activities conducted by foreign banks pursuant to section 316 of P.L.1948, c. 67 (C.17:9A-316) or foreign associations pursuant to section 214 of P.L.1963, c. 144 (C.17:12B-214);

(7) fees charged qualified corporations authorized pursuant to section 213 of P.L.1948, c. 67 (C.17:9A-213) to perform either registrar and transfer agent activities or activities permitted for qualified educational institutions; and

(8) fees charged any exempt company pursuant to subsection d. of section 4 of P.L.2009, c. 53 (C.17:11C-54).

b. Nothing in this section shall exempt a regulated entity from paying any fine or penalty imposed by the commissioner for a violation of a statute or regulation.

c. Except as provided in paragraph (1) of subsection d. of section 7 of the “New Jersey Home Ownership Security Act of 2002,” P.L.2003, c. 64 (C.46:10B-28), and subsection i. of section 3 of the “Governmental Unit Deposit Protection Act,” P.L.1970, c. 236 (C.17:9-43), all fees, charges, fines and penalties as described in subsections a. and b. of this subsection shall be remitted to the State Treasurer for deposit into the General Fund, and those fees, charges, fines and penalties shall not be part of the assessment funding mechanism or considered in the calculation pursuant to section 15 of this act.  3

1 N.J.S.A. § 17:1C-35.
2 The deletion of par. (3) by chapter 53, is operative on July 31, 2010 or a later date, under the terms of § 74 of that act.
3 N.J.S.A. § 17:1C-47.
Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 1C-45 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-1c-45/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard