§412:3-502 - Foreign financial institution.
§412:3-502 Foreign financial institution. [Section effective until June 30, 2010. For section effective July 1, 2010, see below.] No foreign financial institution shall receive deposits, lend money, or pay checks, negotiate orders of withdrawal or share drafts from any principal office, branch, agency, automatic teller machine, or other location in this State, unless expressly authorized by this chapter, other laws of this State, or federal law; provided that nothing in this section shall prohibit any foreign financial institution from participating in the disbursement of cash through an automatic teller machine network or from operating from any location in this State as a mortgage broker licensed under chapter 454, or as a real estate collection servicing agent. [L 1993, c 350, pt of §1; am L 1999, c 254, §2]
§412:3-502 Foreign financial institution. [Section effective July 1, 2010. For section effective until June 30, 2010, see above.] No foreign financial institution shall receive deposits, lend money, or pay checks, negotiate orders of withdrawal or share drafts from any principal office, branch, agency, automatic teller machine, or other location in this State, unless expressly authorized by this chapter, other laws of this State, or federal law; provided that nothing in this section shall prohibit any foreign financial institution from participating in the disbursement of cash through an automatic teller machine network or from operating from any location in this State as a mortgage broker licensed under chapter 454, loan originator licensed under chapter 454F, or as a real estate collection servicing agent. [L 1993, c 350, pt of §1; am L 1999, c 254, §2; am L Sp 2009, c 32, §3]