§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]