There is a newer version
of
this Section
2019 New Jersey Revised Statutes
Title 46 - Property
Section 46:10B-5 - Violation; return of fees plus interest
Universal Citation: NJ Rev Stat § 46:10B-5 (2019)
46:10B-5. Violation; return of fees plus interest
Any holder of a mortgage loan or agent acting on behalf of the holder of a mortgage loan who shall knowingly demand and receive prepayment fees, except as provided in this act, shall be liable to the mortgagor for the return of the whole amount of the prepayment fees so received, plus interest thereon from the date of such receipt at the rate of 6% per annum.
L.1968, c. 54, s. 5, eff. June 6, 1968.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
