New Jersey § 17:3b-46
Full text of New Jersey New Jersey Statutes § 17:3b-46, with citation guidance and answers to common questions.
§ 17:3b-46.
a. A bank may apply the provisions of this act to any of its revolving credit plans. b. A bank may apply this act to a revolving credit plan entered into prior to the
effective date of this act and the act shall govern any limitations on fees and charges
assessed under that plan, both before and after the effective date of this act. c. The Department of Banking and Insurance may request information from any bank which
applies this act to a revolving credit plan on the bank's interest rates, fees and
charges which are imposed by the bank with respect to its revolving credit plan. A bank shall provide the department with the information requested within 30 days
of receipt of the request. The department shall make the information received pursuant to this subsection c.
generally available to residents of the State and any newspapers of general circulation
in this State. d. (1) Any bank which is requested to provide the Department of Banking and Insurance
with information pursuant to subsection c. of this section and fails to provide the
information to the department within the time period required shall not be precluded
from applying this act to its revolving credit plans, but shall be subject to a penalty
of up to $25,000 for each revolving credit plan to which this act is applied, which
shall be paid to the department within a month of verification by the department that
the bank is subject to the provisions of subsection c. of this section. (2) Any bank which knowingly and with reckless disregard for the truth misstates in
the information provided the department, its interest rates, fees or charges shall
be assessed by and pay to the department a penalty of not more than $25,000 for each
misstatement.
Frequently Asked Questions About New Jersey § 17:3b-46
What does New Jersey Statutes § 17:3b-46 cover?
Section 17:3b-46 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-46?
A common citation format is "New Jersey Statutes § 17:3b-46" (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-46 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.