New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 19 - CONTINUING CARE RETIREMENT COMMUNITY RULES
Subchapter 8 - NONBINDING RESERVATION AGREEMENTS
Section 5:19-8.3 - Advertising standards
Universal Citation: NJ Admin Code 5:19-8.3
Current through Register Vol. 56, No. 18, September 16, 2024
(a) All nonbinding reservations advertising material shall conform to the provisions of N.J.A.C. 5:19-5 and, in addition, shall contain the following:
1. A statement that the purpose of the
advertising is to solicit nonbinding reservations;
2. A statement that the nonbinding
reservation is not a contract and may be cancelled by the prospective purchaser
at any time, without cause;
3. A
statement that any money paid to the developer shall be refunded to the
prospective purchaser upon request and cancellation of the nonbinding
reservation.
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