2016 New Jersey Revised Statutes
Title 17 - Corporations And Institutions For Finance And Insurance
Section 17:3B-20 - Deferred Installments

NJ Rev Stat § 17:3B-20 (2016) What's This?

17:3B-20. Deferred installments
Deferred installments. A lender under a closed end credit agreement may, at any time, permit a borrower to defer installment payments on a loan and may, in connection with the deferral, charge and collect deferral charges in accordance with the loan agreement.

L. 1985, c. 81, s. 17, eff. March 14, 1985.


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