N.J. Stat. § 17:16ZZ-12
Actions, counterclaims by borrower
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
Cite this
- Citation
- N.J. Stat. § 17:16ZZ-12, Actions, counterclaims by borrower, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1443563
- Permanent ID
ys:prov:1443563@1- SHA-256
b15b440f66b761095172231d488fcf73ed2f7bbf6cdc7d66def9f23302dd518a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
12. A student loan borrower who suffers any ascertainable loss of moneys as a result of the use or employment by a student loan servicer of any method, act, or practice declared unlawful under this act may bring an action or assert a counterclaim therefor in any court of competent jurisdiction. In any action under this section the court shall, in addition to any other appropriate legal or equitable relief, award threefold the damages sustained by the student loan borrower. In all actions under this section, the court shall also award reasonable attorneys' fees, filing fees, and reasonable costs of suit.