56:10-13.5. Interest on overdue payments
46 words·~1 min read·
/nj/title-56/chapter-10/56-10-13-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
6. If a motor vehicle franchisor fails to make any payment required by this 1991 amendatory and supplementary act within the time specified for payment, interest shall be added to that payment at the rate of 12% per annum from the date payment was due.
L.1991,c.459,s.6.