New Jersey § 17:9a-74
Full text of New Jersey New Jersey Statutes § 17:9a-74, with citation guidance and answers to common questions.
§ 17:9a-74.
A. Any liability incurred prior to the effective date of this act, which would, if
incurred after the effective date of this act, be subject to this article, may from
time to time be wholly or partly renewed to the extent and in the manner authorized
by the law in effect when such liability was initially incurred. B. Nothing in this article shall apply to : (1) a mortgage loan made by a bank to an executive officer of the bank or to him or her
and his or her spouse, if: (a) the mortgaged property has erected thereon a one- or two-family dwelling occupied
or to be occupied wholly or partly by such officer; or (b) the proceeds of the loan shall be used for the purpose of erecting upon the mortgaged
property a one- or two-family dwelling to be so occupied; or (c) the mortgaged property is a one- or two-family condominium unit occupied or to be
occupied wholly or partly by such officer . (2) a loan secured by a first lien on stock in a residential cooperative housing corporation,
where the proceeds of the loan are used to finance the acquisition of such stock and
the officer shall occupy an apartment or dwelling unit in premises owned by the residential
cooperative housing corporation; or (3) any loan or loans made to an executive officer of the bank to finance the education of a child of such officer; or (4) any liability to a bank incurred by any officer who is not an executive officer of
such bank.
Frequently Asked Questions About New Jersey § 17:9a-74
What does New Jersey Statutes § 17:9a-74 cover?
Section 17:9a-74 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 § 17:9a-74?
A common citation format is "New Jersey Statutes § 17:9a-74" (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 § 17:9a-74 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.