New Jersey § 2a:16-69

§ 2a:16-69.

a. The provisions of this act shall not be waived by any payee. b. Any transfer agreement entered into on or after the effective date of this act

by a payee who resides in this State shall provide that disputes under the transfer

agreement, including any claim that the payee has breached the agreement, shall be

determined in and under the laws of this State. No transfer agreement shall authorize the transferee or any other party to confess

judgment or consent to entry of judgment against the payee. c. No transfer of structured settlement payment rights shall extend to any payments

that are life-contingent unless, prior to the date on which the payee signs the transfer

agreement, the transferee has established and has agreed to maintain procedures reasonably

satisfactory to the annuity issuer and the structured settlement obligor for: (1)

periodically confirming the payee's survival; and (2) giving the annuity issuer and

the structured settlement obligor prompt written notice in the event of the payee's

death. d. No payee who proposes to make a transfer of structured settlement payment rights

shall incur any penalty, forfeit any application fee or other payment, or otherwise

incur any liability to the proposed transferee or any assignee based on any failure

of the transfer to satisfy the conditions of this act. e. Nothing contained in this act shall be construed to authorize any transfer of structured

settlement payment rights in contravention of any law or to imply that any transfer

under a transfer agreement entered into prior to the effective date of this act is

valid or invalid. f. Compliance with the requirements set forth in section 3 of this act and fulfillment

of the conditions set forth in section 4 of this act shall be solely the responsibility

of the transferee in any transfer of structured settlement payment rights, and neither

the structured settlement obligor nor the annuity issuer shall bear any responsibility

for, or any liability arising from, non-compliance with those requirements or failure

to fulfill those conditions.