N.J.S.A. 17:16C-35

Prohibited contract provisions; acceleration clause

17:16C-35. Prohibited contract provisions; acceleration clause No retail installment contract or retail charge account or separate instruments executed in connection therewith shall contain any acceleration clause under which any part or all of the balance, not yet matured, may be declared immediately due and payable because the retail seller or holder deems himself to be insecure and any such provision shall be void and unenforceable. L.1960, c. 40, p. 155, s. 35. Amended by L.1971, c. 409, s. 6.

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This is the verbatim text of N.J.S.A. 17:16C-35, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.