17:16C-38.4. Execution of note in violation of act; disallowance of finance, collection, etc., charges
49 words·~1 min read·
/nj/title-17/chapter-16c/17-16c-38-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the event that a note is executed in connection with a retail installment contract in violation of this act, no finance, delinquency, collection, repossession or refinancing charges may be recovered in any action or proceeding based on the contract or the consumer note.
L.1971, c. 399, s. 5.