New Jersey § 17:11c-37
Full text of New Jersey New Jersey Statutes § 17:11c-37, with citation guidance and answers to common questions.
§ 17:11c-37.
No licensee authorized to engage in the consumer loan business shall directly or indirectly
charge, contract for, or receive any interest, discount, or consideration greater
than the licensee would be permitted by law to charge if he were not a licensee under this act upon
the loan, use, or sale of credit, of the amount or value of more than $50,000. The foregoing prohibition shall also apply to any licensee who permits any person,
as borrower or as endorser , guarantor, or surety for any borrower, or otherwise, to owe directly or contingently
or both under one or more loan contracts to the licensee at any time the sum of more
than $50,000 for principal.
Frequently Asked Questions About New Jersey § 17:11c-37
What does New Jersey Statutes § 17:11c-37 cover?
Section 17:11c-37 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 § 17:11c-37?
A common citation format is "New Jersey Statutes § 17:11c-37" (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 § 17:11c-37 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.