§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, lendmoney, or pay checks, negotiate orders of withdrawal or share drafts from anyprincipal office, branch, agency, automatic teller machine, or other locationin this State, unless expressly authorized by this chapter, other laws of thisState, or federal law; provided that nothing in this section shall prohibit anyforeign financial institution from participating in the disbursement of cashthrough an automatic teller machine network or from operating from any locationin this State as a mortgage broker licensed under chapter 454, or as a realestate 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, lendmoney, or pay checks, negotiate orders of withdrawal or share drafts from anyprincipal office, branch, agency, automatic teller machine, or other locationin this State, unless expressly authorized by this chapter, other laws of thisState, or federal law; provided that nothing in this section shall prohibit anyforeign financial institution from participating in the disbursement of cashthrough an automatic teller machine network or from operating from any locationin this State as a mortgage broker licensed under chapter 454, loan originatorlicensed 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]