New Jersey § 56:11-3

§ 56:11-3.

If a creditor, having transmitted to a consumer a statement of the consumer's account,

receives from the consumer at an address designated therefor by the creditor in accordance

with section 5 of this act, 1 within 60 days of the mailing of said statement, a written notice, on a document

other than a document provided by the creditor to accompany payment, by mail or other

delivery setting forth sufficient information to enable the creditor to identify the

consumer and the account, the amount and transaction shown in the statement which

the consumer in good faith believes to be a billing error, and the facts providing

the basis for the consumer's belief that the statement is in error; the creditor

shall: a. Not later than 30 days after receipt of the notice, mail a written acknowledgment

to the consumer; and b. Not later than 90 days after receipt of the notice and prior to taking any action

to collect the amount believed by the consumer to be a billing error, (1) make appropriate

corrections in the account of the consumer and mail to the consumer a written notice

stating that the amount believed to be in error has been corrected and will be shown

on the next statement mailed to the consumer or (2) send a written notice to the consumer

setting forth the reasons why the creditor believes the account of the consumer was

correctly shown in the statement; and c. Not communicate unfavorable credit information concerning the consumer to any person,

including but not limited to credit bureaus or credit reporting agencies, based upon

the consumer's failure to pay the amount believed by him to be a billing error, until

the creditor has complied with this section. 1

N.J.S.A. § 56:11-5.