New Jersey A4797 mandates the Department of Banking and Insurance to evaluate and rate lending institutions on their services to low- and.
New Jersey A4797 requires the Department of Banking and Insurance to examine and rate lending institutions based on their lending, investments, and services to low- and moderate-income consumers. The department must review various financial products and services offered by institutions, including retail lending, community development, and low-cost deposit accounts. The evaluation process includes public input and results in a rating for each institution. Institutions receiving a "low satisfactory" or lower rating must develop an improvement plan.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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