New Jersey § 17:10b-1
Full text of New Jersey New Jersey Statutes § 17:10b-1, with citation guidance and answers to common questions.
§ 17:10b-1.
As used in this act: “ Advance fee ” means any consideration which is assessed or collected by a loan broker, prior to
the closing of a loan or issuing a credit card or approving a line of credit. “ Borrower ” means a person obtaining or desiring to obtain a loan of money, credit card or line
of credit for personal, family or household use. “ Commissioner ” means the Commissioner of Banking or his designee. “ Department ” means the Department of Banking. “ Loan broker ” means any person who: (1) For or in expectation of consideration, arranges or offers to arrange or offers
to fund for a borrower a loan of money, credit card, or line of credit; (2) For or in expectation of consideration, assists or advises or offers to assist
or advise a borrower in obtaining or attempting to obtain a loan of money, credit
card or line of credit; or (3) Holds himself out as a loan broker.
Frequently Asked Questions About New Jersey § 17:10b-1
What does New Jersey Statutes § 17:10b-1 cover?
Section 17:10b-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 § 17:10b-1?
A common citation format is "New Jersey Statutes § 17:10b-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 § 17:10b-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.