Garden State Check Cashing Service, Inc., Appellant-Respondent v. State of New Jersey Department of Banking And…

Summary

The New Jersey Supreme Court held that the phrase “conducting business as a check casher” in N.J.S.A. 17:15A-32.1(a) does not require a seller to be actively operating at the time of an asset sale, and that the court applies de novo review to statutory interpretation despite giving great deference to agency expertise. Accordingly, the Court reversed the Appellate Division and reinstated the Department of Banking and Insurance’s grant of a license to New Loan.