New Jersey § 31:1-1
Full text of New Jersey New Jersey Statutes § 31:1-1, with citation guidance and answers to common questions.
§ 31:1-1.
Notwithstanding any provisions of R.S. 31:1-1 to the contrary, the commissioner may by regulation establish a rate of interest
which may be charged by any person on loans made by them equal to the rate allowed
by Federal law or regulation to be charged by national banking associations at any
time when the rate so allowed by Federal law exceeds 8% per annum. Nothing herein shall authorize any person to make any loan which he is not authorized
by law to make, nor shall anything in this act apply to loans secured by a first lien
on real estate on which there is erected or to be erected a structure containing one,
two, three, four, five or six dwelling units, a portion of which structure may also
be used for nonresidential purposes. Where in any other law a rate of interest applicable to loans regulated by this section
is referred to as that established by R.S. 31:1-1 , the rate applicable shall be as established herein.
Frequently Asked Questions About New Jersey § 31:1-1
What does New Jersey Statutes § 31:1-1 cover?
Section 31:1-1 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 31:1-1?
A common citation format is "New Jersey Statutes § 31:1-1" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 31:1-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.