17:16G-2. Debt adjuster
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/nj/title-17/chapter-16g/17-16g-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
a. No person other than a nonprofit social service agency or a nonprofit consumer credit counseling agency shall act as a debt adjuster.
b. It shall be unlawful for any nonprofit social service agency or nonprofit consumer credit counseling agency to act as a debt adjuster without first obtaining a license from the Commissioner of the Department of Banking pursuant to this act.
c. A licensee is authorized to offer credit counseling.
L. 1979, c. 16, s. 2, eff. Feb. 8, 1979. Amended by L. 1986, c. 184, s. 2, eff. Dec. 10, 1986.