FAMILY FINANCE CORPORATION, A CORPORATION OF NEW JERSEY, PLAINTIFF-APPELLANT,
v.
WARREN N. GAFFNEY, COMMISSIONER OF BANKING AND INSURANCE OF NEW JERSEY, DEFENDANT-RESPONDENT.
The Supreme Court of New Jersey.https://leagle.com/images/logo.png
Argued February 9, 1953.
Decided March 2, 1953.
Attorney(s) appearing for the Case
Mr. William L. Dill, Jr., argued the cause for appellant (Messrs. Stryker, Tams & Horner, attorneys; Mr. David D. Furman on the brief).
Mr. Oliver T. Somerville argued the cause for respondent (Mr. Theodore D. Parsons, Attorney-General, attorney).
Mr. John W. Griggs argued the cause for objector, North Jersey Finance Co., Inc. (Messrs. Morrison, Lloyd & Griggs, attorneys).
Briefs amici curiae were filed for Auto Loan Company, Workers Finance Co., et al. (Mr. Max Mehler, attorney); and Household Finance Corporation (Messrs. Starr, Summerill & Davis, attorneys; Messrs. Charles S. Kelly and John D. Hastings, of the Illinois Bar, on the brief).
The Supreme Court of New Jersey.
The opinion of the court was delivered by WILLIAM J. BRENNAN, JR., J.
No person may conduct a small loan business at any location without first obtaining a license from the Commissioner of Banking and Insurance, R.S. 17:10-2. The Commissioner "shall issue" the license if he finds that the financial responsibility, experience, character and general fitness of the applicant, and of the officers and directors thereof,...
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