N.J.S.A. 46:10B-5

Violation; return of fees plus interest

46:10B-5. Violation; return of fees plus interest Any holder of a mortgage loan or agent acting on behalf of the holder of a mortgage loan who shall knowingly demand and receive prepayment fees, except as provided in this act, shall be liable to the mortgagor for the return of the whole amount of the prepayment fees so received, plus interest thereon from the date of such receipt at the rate of 6% per annum. L.1968, c. 54, s. 5, eff. June 6, 1968.

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This is the verbatim text of N.J.S.A. 46:10B-5, 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.