™Your Policy Risk Impact Agent
131 chapters · 3,637 sections in this title.
N.J.S.A. 17:10B-1 Definitions
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17:10B-1. Definitions 1. As used in this act: "Advance fee" means any consideration which is assessed or collected by a loan broker, prior to the closing of a loan or issuing a credit card or approving a line of credit. "Borrower" means a person obtaining or desiring to obtain a …
N.J.S.A. 17:10B-2 Prohibitions relative to loan brokers
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17:10B-2. Prohibitions relative to loan brokers 2. No loan broker shall: a. Assess, collect or hold an advance fee, directly or indirectly, from or on behalf of a borrower to provide services as a loan broker; b. Make or use any false or misleading representations or omit any mat…
N.J.S.A. 17:10B-3 Investigations, examinations by commissioner
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17:10B-3. Investigations, examinations by commissioner 3. a. The commissioner may make such investigations and examinations upon reasonable suspicion as he deems necessary to determine whether a person has violated or is about to violate any provision of this act or any order, ru…
N.J.S.A. 17:10B-4 Order to cease and desist, fine
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17:10B-4. Order to cease and desist, fine 4. a. The commissioner may order a loan broker to cease and desist whenever the commissioner determines that the loan broker has violated, is violating, or is about to violate any provision of this act, any rule or regulation promulgated …
