SECTION 180:1-1-3. General powers of the Commissioner and Board

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(a)   The Commissioner shall be the chief administrative officer of the Board. The Commissioner and his staff shall execute the rules, regulations, orders, decisions and policies of the Board. The Commissioner and his staff shall perform and carry out the clerical duties of the Board, under the direction and supervision of the Board.
(b)   The Commissioner shall issue certificates to engage in business as a credit union upon authority of the Board and in compliance with Section 2002 and Section 2003 of the Act.
(c)   The Commissioner shall investigate and examine credit unions as required by the Act and shall require reports, impose penalties and enforce the provisions of Section 2008 of the Act.
(d)   The Board will from time to time adopt rules, conduct individual proceedings and enter orders as defined in the Administrative Procedures Act and in accordance with the provisions thereof.

                    
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