New Jersey § 17:3b-10
Full text of New Jersey New Jersey Statutes § 17:3b-10, with citation guidance and answers to common questions.
§ 17:3b-10.
If credit under a revolving credit plan is offered and extended in connection with
a demand deposit account or other account maintained by the borrower with the lender
pursuant to an agreement or arrangement whereby the lender agrees to honor checks,
drafts or other debits to the account, which if paid would create or increase a negative
balance in the account, by making extensions of credit to the borrower under the revolving
credit plan, any charges customarily imposed by the lender, under the terms governing
the demand deposit or other transaction account in the absence of any associated revolving
credit plan, may continue to be imposed on the account without specific reference
thereto or incorporation thereof by reference in the agreement governing the revolving
credit plan, and the amount of the charge, to the extent the balance in the demand
deposit or other transaction account is insufficient to pay the charge, may be charged
to the borrower's account under the plan as a loan thereunder and may be included
in outstanding unpaid indebtedness in accordance with the terms of the agreement governing
the revolving credit plan.
Frequently Asked Questions About New Jersey § 17:3b-10
What does New Jersey Statutes § 17:3b-10 cover?
Section 17:3b-10 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 § 17:3b-10?
A common citation format is "New Jersey Statutes § 17:3b-10" (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 § 17:3b-10 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.