New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 26 - PLANNED REAL ESTATE DEVELOPMENT FULL DISCLOSURE ACT REGULATIONS
Subchapter 10 - NONBINDING RESERVATION AGREEMENTS
Section 5:26-10.3 - Advertising standards
Universal Citation: NJ Admin Code 5:26-10.3
Current through Register Vol. 56, No. 18, September 16, 2024
(a) All advertising material shall conform to the provisions of N.J.A.C. 5:26-5 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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