N.J.S.A. 17:3B-9 — Purchases and loans--differing terms

17:3B-9. Purchases and loans--differing terms Purchases and loans--differing terms. A lender may, if the agreement governing a revolving credit plan so provides, impose different terms, including, without limitation, the terms governing the periodic percentage rate or rates used to calculate interest, the method of computing the outstanding unpaid indebtedness to which the rates are applied, and the terms of the installment repayment schedule, with respect to indebtedness arising out of purchases or loans made under the plan. L. 1985, c. 81, s. 6, eff. March 14, 1985.

This is the verbatim text of N.J.S.A. 17:3B-9, 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.