New Jersey § 17:3b-33
Full text of New Jersey New Jersey Statutes § 17:3b-33, with citation guidance and answers to common questions.
§ 17:3b-33.
If the agreement governing the revolving credit plan so provides, the periodic percentage
rate or rates of interest under the plan may vary in accordance with a schedule or
formula. The periodic percentage rate or rates may vary from time to time as the rate determined
in accordance with the schedule or formula varies and the periodic percentage rate
or rates, as so varied, may be made applicable to all or any part of the outstanding
unpaid indebtedness under the plan on or after the effective date of the variation,
including any indebtedness arising out of purchases made or loans obtained prior to
the variation in the periodic percentage rate or rates. Without limitation, a permissible schedule or formula hereunder may include provision
in the agreement governing the plan for a change in the periodic percentage rate or
rates of interest applicable to all or any part of outstanding unpaid indebtedness,
whether by variation of the then applicable periodic percentage rate or rates of interest,
variation of an index or margin or otherwise, or whether contingent upon the happening
of any event or circumstance specified in the plan, which event or circumstance may
include the failure of the borrower to perform in accordance with the terms of the
plan.
Frequently Asked Questions About New Jersey § 17:3b-33
What does New Jersey Statutes § 17:3b-33 cover?
Section 17:3b-33 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-33?
A common citation format is "New Jersey Statutes § 17:3b-33" (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-33 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.