N.J. Admin. Code § 5:19-8.3

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

Section 5:19-8.3 - Advertising standards

(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.

N.J. Admin. Code § 5:19-8.3