New Jersey § 46:10a-1
Full text of New Jersey New Jersey Statutes § 46:10a-1, with citation guidance and answers to common questions.
§ 46:10a-1.
Whenever any agreement for the sale of real estate is conditioned upon any person
named therein obtaining a mortgage loan upon such real estate in order that he may
perform such agreement on his part, it shall be unlawful for any person to demand
or exact for himself, or for any other person, from any party named in said agreement,
any sum of money, or other valuable thing, for the making or obtaining of such loan,
or in connection with the closing or final settlement pursuant to said agreement other
than is provided in said agreement, unless written notice of the sum or thing which
will be exacted or demanded, and the person from whom it will be exacted and demanded,
shall be served upon each party to said agreement not less than 12 days before said
closing or final settlement provided, however, that where final settlement or closing
is to take place at a time less than 12 days after the date of said agreement, the
written notice required by this act shall be served upon each party immediately upon
the signing of said agreement. The provisions of this act shall apply to premiums, discounts, commissions and other
such charges exacted from any party to the agreement, as a consideration for making
a loan, but shall not apply to reasonable and customary fees for title examination,
and all necessary documents in connection therewith, legal fees, survey, appraisal
fees and pro rata portion of the ground rents, hazard insurance premiums, current
year's taxes and other prepaid items normally involved in financing such transactions.
Frequently Asked Questions About New Jersey § 46:10a-1
What does New Jersey Statutes § 46:10a-1 cover?
Section 46:10a-1 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 § 46:10a-1?
A common citation format is "New Jersey Statutes § 46:10a-1" (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 § 46:10a-1 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.