New Jersey § 56:12-67
Full text of New Jersey New Jersey Statutes § 56:12-67, with citation guidance and answers to common questions.
§ 56:12-67.
a. No leasing dealer may permit a prospective lessee to take possession of a motor
vehicle subject to a lease if such lease is contingent upon the approval of the lessee's
credit unless the lessee is provided with, and acknowledges receipt of a notice on
a separate page from any other notice, term or condition of the lease, which provides
substantially the following: NOTICE: YOUR LEASE IS SUBJECT TO CREDIT APPROVAL. IF YOUR CREDIT IS NOT APPROVED YOU MUST RETURN THE VEHICLE. The notice may contain the name, address, phone number and logo of the leasing dealer,
and shall contain an acknowledgement by the lessee of the receipt of the notice. b. (1) No lease shall bind a lessee or lessor unless both the lessee and lessor have
had one business day to review the lease contract before the signing of the contract. (2) No leasing dealer may permit a prospective lessee to take possession of a motor
vehicle subject to a lease unless the lessee is provided with a conspicuous notice
which provides substantially the following: NOTICE: THE LESSEE AND THE LESSOR SHALL
BE ENTITLED TO REVIEW THE CONTRACT FOR ONE BUSINESS DAY BEFORE SIGNING THE CONTRACT
IMMEDIATELY ADJACENT TO THE SIGNATURE LINE OF THE CONTRACT. c. The leasing dealer shall complete the credit check of the prospective lessee within
5 business days of both the leasing dealer and lessee signing the lease.
Frequently Asked Questions About New Jersey § 56:12-67
What does New Jersey Statutes § 56:12-67 cover?
Section 56:12-67 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 § 56:12-67?
A common citation format is "New Jersey Statutes § 56:12-67" (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 § 56:12-67 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.