New Jersey Administrative Code
Title 3 - BANKING
Chapter 1 - GENERAL PROVISIONS
Subchapter 14 - REVOLVING CREDIT EQUITY LOANS
Section 3:1-14.1 - Authorization
Universal Citation: NJ Admin Code 3:1-14.1
Current through Register Vol. 56, No. 18, September 16, 2024
A bank, savings bank or savings and loan association shall have authority to make loans secured by a lien on real estate that shall be known as a "Revolving Credit Equity Loan" and may charge, contract for and receive thereon interest at a rate or rates agreed to by the bank, savings bank or savings and loan association and the borrower.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
