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New Jersey Office
TERRY LAW GROUP, LLC
409 Halsey Street
Newark, New Jersey
Call :862-576-8995
Fax :866-227-5349

NYC Office
TERRY LAW GROUP, PLLC
44 Court Street, Suite 1217
Brooklyn, New York, 11201
Call : (718) 536-2625
Fax : (866) 227-5349

BANKING LAW

WHAT IS A BANK?  According to the Uniform Commercial Code Sec 1:201(4),  the term “bank” refers to any person engaged in the business of banking and includes a savings bank, savings and loans association, credit union, or trust company.  “Bank is also defined as a company that takes deposits and makes loans.  There are many types of banking institutions.  A  commercial bank  takes deposits, makes loans, engages in trust business, gives investment advice, brokers securities, and issues credit cards.  National Banks are  chartered by the Comptroller of the Currency which is part of the Treasury Department and henry, the Executive Branch of Government.   State banks are chartered by the State Banking Departments.

At Terry Law Group, LLC, we provide quality legal representation in the area of Banking Law.  Give us a call today for your initial free consultation!!!