Citation Numbers: 95 A.2d 412, 11 N.J. 576
Judges: Brennan--6, Burling, Heher, Jacobs, None, Oliphant, Vanderbilt
Filed Date: 3/2/1953
Status: Precedential
Modified Date: 8/25/2023
The Supreme Court of New Jersey.
*577 Mr. Sidney P. McCord, Jr., argued the cause for appellant (Messrs. Starr, Summerill & Davis, attorneys; Messrs. Charles S. Kelly and John D. Hastings, of the Illinois Bar, on the brief).
Mr. Oliver T. Somerville argued the cause for respondent (Mr. Theodore D. Parsons, Attorney-General, attorney).
Brief amici curiae was filed for Personal Finance Company of Trenton, and others (Messrs. Milton, McNulty & Augelli, attorneys).
PER CURIAM.
We granted certification on application of petitioner, Household Finance Corporation, 10 N.J. 345 (1952), to bring up the judgment of the Appellate Division, 20 N.J. Super. 394 (1952) affirming the decision of the *578 Commissioner of Banking and Insurance denying the corporation a second small loan license in Trenton on the ground that the grant of a second license will not promote the convenience and advantage of the community within the intendment of R.S. 17:10-5(b). The judgment of the Appellate Division is affirmed. Our views of the constitutionality of the convenience and advantage clause as construed and applied by the Commissioner are expressed in Family Finance Corporation v. Gaffney, 11 N.J. 565. We cannot say in the instant case that the Commissioner's decision is clearly arbitrary and not in the service of the objectives of the Small Loan Act, in light of his findings which are adequately supported in the proofs.
We do not regard the statements in the opinion of the Appellate Division, at 20 N.J. Super., page 409, that "There is no statutory requirement here that the Commissioner base his findings and decision upon specific factors expressly set out in the statute * * *," and "In the absence of such legislative mandate, all that is required is that the evidence be considered in the light of the statutory standard, and where the findings justify the conclusion of the administrative agency nothing more is required," as implying that there is no necessity for findings by the Commissioner. However, to make the matter clear we expressly adopt the holding of the Appellate Division in Family Finance Corporation v. Gough, 10 N.J. Super. 13 (1950), that when determining an application for a small loan license the Commissioner's decision must be accompanied by basic findings of fact sufficient to support it. See also Delaware Lackawanna & Western Railroad Company v. City of Hoboken, 10 N.J. 418 (1952).
Affirmed.
For affirmance Chief Justice VANDERBILT, and Justices HEHER, OLIPHANT, BURLING, JACOBS and BRENNAN 6.
For reversal None.
Family Finance Corp. v. Gaffney , 11 N.J. 565 ( 1953 )
D., L. & WR CO. v. City of Hoboken , 10 N.J. 418 ( 1952 )
Family Finance Corp. v. Gough , 10 N.J. Super. 13 ( 1950 )
Household Finance Corp. v. Gaffney , 20 N.J. Super. 394 ( 1952 )
Henry v. New Jersey Department of Human Services , 204 N.J. 320 ( 2010 )
State v. Sullivan , 24 N.J. 18 ( 1957 )
Pennsylvania Railroad v. Department of Public Utilities , 14 N.J. 411 ( 1954 )
Abbotts Dairies, Inc. v. Armstrong , 14 N.J. 319 ( 1954 )
In Re Application of Howard Savings Institution of Newark , 32 N.J. 29 ( 1960 )
In Re Application of Greenville Bus Co. , 17 N.J. 131 ( 1954 )
In Re Central Railroad Co. of NJ , 29 N.J. Super. 32 ( 1953 )
Yellow Cab Corp. v. City Coun., Passaic , 124 N.J. Super. 570 ( 1973 )
Wharton Sand & Stone Co. v. Montville Tp. , 39 N.J. Super. 278 ( 1956 )