17:9A-53.7. Security; prohibition; endorsers or guarantors
38 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-53-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No security shall be taken for an educational loan, but this prohibition shall not preclude a banking institution from requiring one or more endorsers or guarantors of such loan.
L.1975, c. 287, s. 6, eff. Jan. 12, 1976.