38:23B-14.2 - Notice of election by bank as to guarantee or insurance of loan - New Jersey Statutes

38:23B-14.2.  Notice of election by bank as to guarantee or insurance of loan
    Every bank which heretofore made any veteran's loan under and pursuant to the provisions of chapter one hundred twenty-six of the laws of one thousand nine hundred and forty-four and every bank which may hereafter make its initial  veteran's loan shall elect, prior to the first day of July, one thousand nine  hundred and forty-five, or simultaneously with the submission for approval of  its initial veteran's loan, whichever is later, to have all veterans' loans  made and to be made by such bank either insured in accordance with the  provisions of section nine hereof or guaranteed in accordance with the  provisions of section ten hereof.  Notice of such election shall be made on  such form as the commissioner shall prescribe.

     L.1945, c. 185, p. 628, s. 8.