17:11C-3 License required for consumer lender, sales finance company.
3. a. No person shall engage in business as a consumer lender or sales finance company without first obtaining a license or licenses under this act.
b.The department shall issue licenses under this act which specify whether a licensee may act as a consumer lender or a sales finance company. A licensee may not engage in a licensed activity under this act or the "Retail Installment Sales Act of 1960," P.L.1960, c.40 (C.17:16C-1 et seq.), unless the license issued by the department specifies that the licensee may engage in that licensed activity.
c.(Deleted by amendment, P.L.2009, c.53)
d.(Deleted by amendment, P.L.2009, c.53)
L.1996, c.157, s.3; amended 2009, c.53, s.42.
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Last modified: October 11, 2016