N.J. Stat. § 17:3B-16
Extension of closed end credit
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
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- Citation
- N.J. Stat. § 17:3B-16, Extension of closed end credit, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1441908
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Full text
Extension of closed end credit. A lender may, subject to the provisions of this act, offer and extend closed end credit in amounts, at rates of interest, and for a term of payment, and may take security, including personal property or real property, as collateral for the loan made in connection therewith, as may be agreed to by the lender and borrower, and as set forth in the note or loan agreement.