Friday, November 02, 2012 10:45:00 AM
Governor Chris Christie signed an executive order pertaining to damages caused by Hurricane Sandy. Below is an excerpt from the Executive Order pertaining to banks and credit unions. The full Executive Order is available on the League Web site by clicking here.
All insurers, banks, savings and loans, mortgage bankers and brokers, insurance producers, real estate brokers, and any other person or entity subject to licensure or regulation by the Department shall take into consideration the difficulties related to Sandy that all citizens of the State continue to suffer and therefore exercise appropriate forbearances on collection, cancellation, documentation and other regulatory requirements, including, but not limited to: notifications of hospital admissions; due dates for claim filings, premium and loan payments and late fees; prior authorization requirements; and limitations on prescription refills.