N.J.S.A. 17:16C-53 — Certificate of ownership delivered to retail buyer upon final payment

17:16C-53. Certificate of ownership delivered to retail buyer upon final payment 53. When the final payment on a retail installment contract is made in cash by the retail buyer, or his authorized representative, at the designated licensed office of the holder, the certificate of ownership and other evidence of lien, or a copy thereof, showing satisfaction of the encumbrance, unless otherwise provided by rule or regulation of the commissioner, shall be delivered at the time of such payment if demanded by the retail buyer, otherwise delivery may be made at a later date in person or by mail as may be arranged between retail buyer and holder; all other instruments, or a copy thereof, shall be delivered or mailed to the retail buyer within 35 days from the date of final payment. L.1960,c.40,s.53; amended 1995,c.33,s.3.

This is the verbatim text of N.J.S.A. 17:16C-53, 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.