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N.J.S.A. 45:15-12.6 — Approval of depository institution

NEW JERSEY REAL ESTATE LICENSING LAW LIBRARY

The New Jersey real estate licensing statutes. Browse license qualifications, education, brokerage duties and related provisions.

Legislature compilation: through P.L.2026, c.30 and J.R.1

Source text checked October 16, 2026. This independent reference reproduces the source compilation at the cutoff shown above; later changes may not yet appear. Check the official source ↗

N.J.S.A. 45:15-12.6

Approval of depository institution

Official source ↗

SOURCE TEXT

43. The commission shall approve a depository institution as required pursuant to section 42 of this amendatory and supplementary act upon the institution providing written confirmation to the commission that it shall immediately notify the commission of any issuance of a notice to a licensed broker that a check or other instrument written upon the broker's escrow or trust account has been dishonored or returned for insufficient funds. L.1993,c.51,s.43.

Legislature compilation: through P.L.2026, c.30 and J.R.1. Text and source checked October 16, 2026. New Jersey Legislature, unannotated statutes.