N.J.S.A. 56:10-13.5

Interest on overdue payments

56:10-13.5. Interest on overdue payments 6. If a motor vehicle franchisor fails to make any payment required by this 1991 amendatory and supplementary act within the time specified for payment, interest shall be added to that payment at the rate of 12% per annum from the date payment was due. L.1991,c.459,s.6.

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This is the verbatim text of N.J.S.A. 56:10-13.5, 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.

N.J.S.A. 56:10-13.5 — Interest on overdue payments | Kyzer