New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 9A-459

The commissioner shall have the power to grant to any organization which is organized under the laws of this State, including but not limited to a corporation, limited partnership, limited liability company, joint venture or partnership, the right to operate as a commercial lending company if the commercial lending company: will be licensed under sections 72 through 77 of P.L.1996, c. 17 (C. 17:9A-453 through C. 17:9A-458); is a subsidiary of a foreign bank; and agrees in its certificate of incorporation or organization or similar document to limit its activities to those permitted to a commercial lending company under sections 37 through 86 of P.L.1996, c. 17 (C. 17:9A-418 through C. 17:9A-467) and Regulation K promulgated by the Federal Reserve, 12 CFR § 211 et seq. Any such grant shall be issued in connection with and as part of a license for a commercial lending office hereunder.