N.J.S.A. 17:3B-16

Extension of closed end credit

17:3B-16. Extension of closed end credit Extension of closed end credit. A lender may, subject to the provisions of this act, offer and extend closed end credit in amounts, at rates of interest, and for a term of payment, and may take security, including personal property or real property, as collateral for the loan made in connection therewith, as may be agreed to by the lender and borrower, and as set forth in the note or loan agreement. L. 1985, c. 81, s. 13, eff. March 14, 1985.

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This is the verbatim text of N.J.S.A. 17:3B-16, 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.

N.J.S.A. 17:3B-16 — Extension of closed end credit | Kyzer