Statutes, codes, and regulations
New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTIONChapter 22 - FINANCIAL ASSISTANCE PROGRAMS FOR ENVIRONMENTAL INFRASTRUCTURE FACILITIES
Subchapter 4 - TRUST PROCEDURES AND REQUIREMENTS
Section 7:22-4.25 - Assignment

N.J. Admin. Code § 7:22-4.25

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Current through Register Vol. 56, No. 24, December 18, 2024
Section 7:22-4.25 - Assignment

The right of a recipient to receive disbursements from the Trust under a Trust loan may not be assigned, nor may repayments due under a Trust loan be similarly encumbered unless such assignment or encumbrance shall have been approved in writing pursuant to the conditions set forth in the Trust loan agreement.

N.J. Admin. Code § 7:22-4.25