56:8-105 Certain home improvement loans unlawful.
74 words·~1 min read·
/nj/title-56/chapter-8/56-8-105A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
2. It shall be an unlawful practice for a person to make a home solicitation of a consumer who is a senior citizen where a loan is made encumbering the primary residence of that consumer for the purposes of paying for home improvements and where the transaction is part of a pattern or practice in violation of either subsection
(h)or
(i)of 15 U.S.C. s.1639 or subsection
(e)of 12 C.F.R. s.226.32.
L.2000,c.125,s.2.