New Jersey Revised Statutes § 17:16c-39.1 - Real Property Mortgage As Additional Security; Prohibition

17:16C-39.1. Real property mortgage as additional security; prohibition
No retail installment contract, retail charge account or separate instrument executed in connection therewith shall contain any provision whereby the retail seller, sales finance company or holder takes a real property mortgage as additional security in connection with a retail sale. Any such provision shall be void and unenforceable.

L.1981, c. 324, s. 2, eff. Dec. 9, 1981.

Section: Previous  17-16c-37  17-16c-38  17-16c-38.1  17-16c-38.2  17-16c-38.3  17-16c-38.4  17-16c-39  17-16c-39.1  17-16c-40  17-16c-40.1  17-16c-40.2  17-16c-41  17-16c-42  17-16c-43  17-16c-44  Next

Last modified: October 11, 2016