N.J. Admin. Code § 3:1-14.1

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:1-14.1 - Authorization

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.

Amended by R.2001 d.112, effective 4/2/2001.
See: 33 New Jersey Register 213(a), 33 New Jersey Register 1087(a).