New Jersey § 46:30b-20
Full text of New Jersey New Jersey Statutes § 46:30b-20, with citation guidance and answers to common questions.
§ 46:30b-20.
A holder may not impose with respect to property described in R.S.46:30B-18 any charge due to dormancy or inactivity or cease payment of interest unless: a. There is an enforceable written contract between the holder and the owner of the
property pursuant to which the holder may impose a charge or cease payment of interest; b. For property in excess of $2.00, the holder, no more than three months before the
initial imposition of those charges or cessation of interest, has given written notice
to the owner of the amount of those charges at the last known address of the owner
stating that those charges will be imposed or that interest will cease, but the notice
provided in this subsection need not be given with respect to charges imposed or interest
ceased before the effective date of this chapter; and c. The holder regularly imposes the charges or ceases payment of interest and does
not regularly reverse or otherwise cancel them or retroactively credit interest with
respect to the property. The amount of the deduction shall be limited to an amount that is not unconscionable. Also, no additional charges shall be assessed as the result of escheatment of the
property.
Frequently Asked Questions About New Jersey § 46:30b-20
What does New Jersey Statutes § 46:30b-20 cover?
Section 46:30b-20 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 § 46:30b-20?
A common citation format is "New Jersey Statutes § 46:30b-20" (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 § 46:30b-20 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.