New Jersey § 45:15-16

Full text of New Jersey New Jersey Statutes § 45:15-16, with citation guidance and answers to common questions.

§ 45:15-16.

a. Any person who suffers any ascertainable loss of moneys as a result of the failure

of another to comply fully with the provisions of this act may bring an action or

assert a counterclaim in any court of competent jurisdiction. In any action filed under this section in which a defendant is found to have knowingly

engaged in any false, deceptive, misleading promotional or sales methods or discriminatory

advertising on the basis of race, sex, creed, color, marital status, national origin

or religion, concealed or fraudulently diverted any funds or assets so as to defeat

the rights of timeshare plan purchasers, made an intentional misrepresentation or

concealed a material fact in an application for registration, or disposed of any timeshare

plan required to be registered under this act, which are not so registered, the court

shall, in addition to any other appropriate legal or equitable remedy, award double

the damages suffered, and court costs, including reasonable attorney's fees. In the case of an untruth, omission, or misleading statement the developer sustains

the burden of proving that the purchaser knew of the untruth, omission or misleading

statement, or that he did not rely on such information, or that the developer did

not know, and in the exercise of reasonable care could not have known of the untruth,

omission, or misleading statement. b. The court, in addition to the remedies provided in this act, may award any other

relief appropriate under the circumstances including, in the court's discretion, restitution

of all monies paid and, where a developer has failed to provide to a purchaser a copy

of the current public offering statement approved by the commission prior to execution

of the contract or agreement, rescission of the contract. If the purchaser fails to establish a cause of action, and the court further determines

that the action was wholly without merit, the court shall award attorney's fees to

the developer. c. Any stipulation or provision purporting to bind a purchaser acquiring an interest

in a timeshare plan subject to the provisions of this act to a waiver of compliance

with the provisions of this act shall be void.

Frequently Asked Questions About New Jersey § 45:15-16

What does New Jersey Statutes § 45:15-16 cover?

Section 45:15-16 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 § 45:15-16?

A common citation format is "New Jersey Statutes § 45:15-16" (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 § 45:15-16 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.