What does the NJ Department of Banking and Insurance do?

What does the NJ Department of Banking and Insurance do?

The mission of the Department of Banking and Insurance is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of those industries.

Who is the NJ Insurance Commissioner?

Marlene Caride
Meet the Commissioner. Marlene Caride was named to lead the New Jersey Department of Banking and Insurance by Governor Phil Murphy and began serving on January 16, 2018. Commissioner Caride is the first Hispanic to head the Department where she oversees New Jersey’s insurance, banking and real estate industries.

How do I file a complaint against a business in NJ?

Consumers who believe they have been cheated or scammed by a business, or suspect any other form of consumer abuse, can file a complaint with the State Division of Consumer Affairs by visiting its website or by calling 1-800-242-5846 (toll free within New Jersey ) or 973-504-6200.

Who regulates mortgage companies in NJ?

The Office of Consumer Finance
The Office of Consumer Finance regulates 16 types of businesses that provide a variety of consumer financial services. The Office of Consumer Finance also enforces statutes and regulations that protect New Jersey consumers in financial services matters.

Who regulates banks in New Jersey?

The NJ Department of Banking and Insurance – Division of Banking regulates state-chartered banks, savings banks, savings and loan institutions and credit unions, and may take enforcement action against these institutions in the event any violations of banking law or regulations are found.

Who regulates the insurance agency?

the Department of Insurance
A: The California Insurance Commissioner and his staff at the Department of Insurance, (“CDI”) are in charge of regulating insurance companies, agents, brokers, and public adjusters doing business in this state. There are laws and regulations in California that protect consumers against unfair insurance practices.

What government agency monitors insurance companies?

CDI enforces the insurance laws of California and has authority over how insurers and licensees conduct business in California.

How do I file a complaint against NJ?

Call Citizen Services at 609-984-5828 or. Email: Citizens Services via online form….Compliments/Complaints

1. Civil Rights Complaints.
2. Consumer Complaints.
3. Crime.
4. Doctor/Dentist Complaints.
5. Human Trafficking.
6. Insurance Fraud.
7. Medicaid Fraud.
8. Professional and Occupational Licensing Boards Complaints.

Who regulates banks in NJ?

Is title insurance regulated in NJ?

Is Title Insurance regulated in New Jersey? Yes. The Office of Property and Casualty, which is the insurance division of the Department of Banking and Insurance, regulates the price of title policies in New Jersey.