New Jersey Administrative Code
Title 3 - BANKING
Chapter 16 - PAWNBROKING LAW REGULATIONS
Subchapter 2 - CONDUCT OF BUSINESS; RECORDKEEPING; EXAMINATIONS
Section 3:16-2.5 - Service charges
Universal Citation: NJ Admin Code 3:16-2.5
Current through Register Vol. 56, No. 18, September 16, 2024
On loans secured by the pledge of articles, a licensee may levy a service charge equal to eight percent of the amount of the loan, but such service charge shall not exceed $ 4.00. The service charge shall not be levied on the renewal of a pledge more than once during any 12-month period following the date of the initial pledge. A licensee shall levy a service charge only with the knowledge and consent of the pledgor.
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.
