New Jersey § 56:8-205
Full text of New Jersey New Jersey Statutes § 56:8-205, with citation guidance and answers to common questions.
§ 56:8-205.
As used in this act: “ Consumer ” means a purchaser or lessee of a motor vehicle normally used for personal, family,
or household purposes. “ Creditor ” means a dealer or lender, or any assignee of a dealer or lender. “ Dealer ” means a person who is licensed as a motor vehicle dealer or leasing dealer under R.S.39:10-19 and actively engaged in the business of buying, selling, exchanging, or leasing new
or used motor vehicles at retail and who has an established place of business. “ Financing agreement ” means an agreement, through a bargained communication or written contract, of an
extension of a loan or other line of credit by a lender to a borrower toward the purchase
of a motor vehicle. “ Lease agreement ” has the same meaning as defined in section 2 of P.L.1988, c. 123 ( C.56:12-30 ). “ Lender ” means an agent, officer, director, and employee of a lender, or any person who solicits,
arranges for, or otherwise participates or assists in the making of loans, or in any
way acts as an intermediary between a borrower and a lender in effecting loans related
to the sale or lease of a motor vehicle. “ Lessee ” has the same meaning as defined in section 2 of P.L.1988, c. 123 ( C.56:12-30 ). “ Motor vehicle ” has the same meaning as defined in R.S.39:1-1 . “ Payment assurance device ” means a device installed on a motor vehicle with global positioning system capability,
starter interrupt capability allowing for the remote enabling or disabling of the
motor vehicle, or both, and which is installed pursuant to a motor vehicle consumer's
financing agreement or lease agreement.
Frequently Asked Questions About New Jersey § 56:8-205
What does New Jersey Statutes § 56:8-205 cover?
Section 56:8-205 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 § 56:8-205?
A common citation format is "New Jersey Statutes § 56:8-205" (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 § 56:8-205 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.