Title 38, Title 38: MILITIA--SOLDIERS, SAILORS AND MARINES

38:23B-14.2a. Further election by bank Any bank which has heretofore elected, pursuant to the provisions of section eight of chapter one hundred eighty-five of the laws of one thousand nine hundred and forty-five, to have its approved veterans' loans guaranteed by the authority i…

38:23B-14.3. Reserve fund to be set aside where bank elects to have loans insured; defaults In the event that a bank shall elect, pursuant to the provisions of section eight hereof, to have its approved veterans' loans insured by the authority, then the authority shall set aside …

38:23B-14.4. Guaranteed loans; purchase of notes on default In the event that a bank shall elect, pursuant to the provisions of section eight hereof, to have its veterans' loans guaranteed by the authority, then the authority shall purchase upon demand of such bank, to the extent…

38:23B-14.4a. Total reserve funds The sum total of all reserve funds set aside by the authority in accordance with the provisions of section nine of chapter one hundred eighty-five of the laws of one thousand nine hundred and forty-five, together with such amount as the commissio…

38:23B-14.5. Limit on amount of guaranty and insurance liability outstanding The total amount of guaranty and insurance liability of the authority which may be outstanding at any time shall in no event exceed the sum of eleven million dollars ($11,000,000.00). L.1945, c. 185, p. …

38:23B-14.6. Payments by bank to authority for guaranty or insurance Every bank which has made or which may hereafter make any approved veteran's loan or loans shall, in consideration of the guaranty or insurance, as herein provided, pay to the authority an amount equal to ten pe…

38:23B-14.7. Repeal Section fifteen of the act of which this act is amendatory and supplementary is repealed. L.1945, c. 185, p. 630, s. 14.

38:23B-16. Liquidation of notes purchased; deferred payments The commissioner shall proceed to liquidate notes purchased by the authority as rapidly as possible, but shall develop and adopt programs for deferred payments by makers of such notes to avoid undue hardship or sacrific…

38:23B-17. Business counsellors The commissioner shall establish in each community where there may be a need, a business counseling service of nonsalaried counsellors, to advise with and assist veterans who apply for or obtain business loans under this act. Such counsellors shall…

38:23B-18. Duties of counsellors The commissioner shall, through the business counsellors, consult with veterans applying for business loans for the purpose of approving or disapproving such loans. Business counsellors shall from time to time visit the place of business or profes…

38:23B-19. Second loans For either one of the purposes set forth in section one of this act, no veteran shall accept more than one loan under the provisions of this act, regardless of the amount of such loan, except that a veteran who has received a veteran's loan for less than t…

38:23B-19.1. Second loans to veterans serving during national emergency Any veteran who has served in the active military or naval service of the United States at any time after September sixteenth, one thousand nine hundred and forty, and prior to December thirty-first, one thou…

38:23B-2. Veterans loan authority There is hereby created in the Department of Economic Development a "veterans loan authority," hereinafter referred to as the "authority," which shall be a body corporate and politic, with corporate succession. The functions, powers and duties of…

38:23B-20. Offenses and penalties Any person who, having obtained a veteran's loan under this act, solicits, applies for, or accepts another such loan, except as specifically authorized in this act, and any person who knowingly and willfully furnishes any false or misleading info…

38:23B-21. Name of act This act shall be known as the Veterans' Loan Act (1944). L.1944, c. 126, p. 350, s. 21. Amended by L.1946, c. 121, p. 568, s. 18, eff. April 22, 1946.

38:23B-22. Effective date This act shall take effect July first, one thousand nine hundred and forty-four. L.1944, c. 126, p. 350, s. 22, eff. July 1, 1944.

38:23B-22.1. Veterans Loan Authority; powers The Veterans Loan Authority in the Division of Veterans' Services in the Department of Conservation and Economic Development may, with respect to the exercise of its functions related to loans insured or guaranteed by it under the Vete…

38:23B-22.2. Transfer of powers and duties of Veterans' Loan Authority to State Department of Law and Public Safety On June 30, 1958, all of the powers, duties and functions of the Veterans' Loan Authority and all of its records, papers, documents, evidences of obligations, secur…

38:23B-23. Loans to minor veterans Any contract, promissory note or other written obligation, pledge, mortgage or conveyance, made or endorsed or joined in by any person over eighteen years of age, for himself or as husband or wife of any other person or in any other capacity, an…

38:23B-3. Powers The authority shall have power to contract, to sue and be sued, to make, amend and rescind such rules and regulations as may be necessary to carry out the provisions of this act; but the authority may not in any manner, directly or indirectly, pledge the credit o…

38:23B-4. Capitalization The authority shall have an original capitalization of five million dollars ($5,000,000.00) which shall be subscribed by the Treasurer of the State of New Jersey, and which is hereby appropriated out of the Post-War Reserve Account of the General State Fu…

38:23B-5. Veterans guaranteed loan fund All capital and revenues of the authority shall be held in trust in a veterans loan guaranty and insurance fund, hereinafter referred to as the "fund," to meet the obligations of the authority under this act; but any amounts in the fund in …

38:23B-6. Authority to make loans under act With the exception of a building and loan association, any financial corporation under the supervision of the Department of Banking and Insurance and any national bank organized under the laws of the United States and doing business in …

38:23B-7. "Veteran" defined; "national emergency" defined For the purpose of this act, a "veteran" shall mean any bona fide resident of the State who has or shall have served in the active military or naval service of the United States at any time after September sixteenth, one t…

38:23B-8. Application for loan; time limit; minor veterans eligible for loans A veteran, as defined herein, who has served in the active military or naval service of the United States at any time after September sixteenth, one thousand nine hundred and forty, and prior to Decembe…

38:23B-9. Approval of application for business loan Any application for a business loan made under this act shall be submitted to the commissioner for his approval. The commissioner shall approve the application only if he finds that: a. The purpose of the loan is to establish or…

38:23B-9.1. Approval of application for loan to purchase household furnishings Any application for a loan to finance the purchase of household furnishings or household appliances, or both, made under this act shall be submitted to the commissioner for his approval. The commission…

38:23C-1. Policy It is hereby declared to be the public policy of the State to maintain, secure and protect the civil and property rights of persons in the military service, as hereinafter defined, and of employees who are members of the organized militia or members of a reserve …

38:23C-10. Stay of execution of judgment; attachment or garnishment In any action or proceeding commenced in any court against a person in military service, before or during the period of such service, or within 60 days thereafter, the court may, in its discretion, on its own mot…

38:23C-11. Period of stay Any stay of any action, proceeding, attachment, or execution ordered by any court under the provisions of this act may, except as otherwise provided, be ordered for the period of military service and 3 months thereafter or any part of such period, and su…

38:23C-12. Limitation of actions; exclusion of period of military service The period of military service shall not be included in computing any period now or hereafter to be limited by any law, regulation or order for the bringing of any action or proceeding in any court, board, …

38:23C-13. Eviction or distress of spouse, children or dependents; stay; penalty a. No eviction or distress shall be made during the period of military service in respect of any premises for which the agreed rent does not exceed $150.00 per month, occupied chiefly for dwelling pu…

38:23C-14 Termination of leases; conditions; notice; penalty for detention of personal effects. 14. a. The provisions of this section shall apply to any lease covering personal property, or premises occupied for dwelling, professional, business, agricultural, or similar purposes,…

38:23C-15 Contract for purchase of property, recission, termination; cancellation of auto lease, due to certain military service. 15. a. (1) No person who has received, or whose assignor has received, under a contract for the purchase of real or personal property, or of lease or …

38:23C-16. Application to obligations; discretion of court; foreclosure a. The provisions of this section shall apply only to obligations secured by mortgage, trust deed, or other security in the nature of a mortgage upon real or personal property owned by a person in military se…

38:23C-17. Payment of sum as condition of foreclosure, or rescission or termination of contract Where a proceeding to foreclose a mortgage upon or to resume possession of personal property, or to rescind or terminate a contract for the purchase thereof, has been stayed as provide…

38:23C-18. Collection of taxes or assessments; interest and penalties a. The provisions of this section shall apply when any taxes or assessments, whether general or special, other than taxes on income, whether falling due prior or during the period of military service in respect…

38:23C-19. Insurance policies; nonpayment of premium a. No policy which has not lapsed for the nonpayment of premium before the commencement of the period of military service of the insured, and which has been brought within the benefits of the Federal "soldiers' and sailors' civ…

38:23C-2. Definitions As used in this act: a. The term "military service" means duty by any person, male or female, in the active military service of the United States and active duty in the military service of the State pursuant to an order of the Governor issued pursuant to law…

38:23C-20 Reemployment of persons after completion of military service. 20. a. In the case of any person who, in order to perform military service, has left or leaves a position, other than a temporary position, in the employ of any employer, and who: (1) Receives a certificate o…

38:23C-21. Transfer or acquisition of interests with intent to delay just enforcement Where in any proceeding to enforce a civil right in any court it is made to appear to the satisfaction of the court that any interest, property, or contract has since the date of the approval of…

38:23C-22. Certificates executed by Armed Forces officers; evidence; persons in military service reported missing a. In any proceeding under this act a certificate executed by an officer of the applicable force of the Armed Forces of the United States or by an officer of the appl…

38:23C-23. Application for relief on obligation or liability; hearing; form of relief a. A person may, at any time during his period of military service or within 6 months thereafter, apply to a court for relief in respect of any obligation or liability incurred by such person pr…

38:23C-23.1 Definitions relative to certain payments by certain persons in military service. 1. a. As used in this section: "Mortgagee" means the holder of a mortgage loan that is a State chartered bank, savings bank, savings and loan association or credit union, any person requi…

38:23C-24. Severability If any clause, sentence, paragraph, section or part of this act or the application thereof to any person or circumstances, shall, for any reason, be adjudged by a court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or inv…

38:23C-25. Conflict of laws Insofar as the provisions of this act are inconsistent with the provisions of any other act, the provisions of this act shall be controlling. L.1979, c. 317, s. 25, eff. Jan. 18, 1980.