N.J. Admin. Code § 7:24A-4.13

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:24A-4.13 - Noncompliance

(a) In addition to any other rights or remedies available to the Department pursuant to law, in the event of a borrower's, contractor's or subcontractor's noncompliance with any requirement of this chapter, or term or condition of the loan award agreement, the Department may take any of the following actions or combinations thereof:

1. Issue a notice of noncompliance pursuant to N.J.A.C. 7:24A-4.14;

2. Withhold loan funds pursuant to N.J.A.C. 7:24A-4.15;

3. Order stoppage of the project work pursuant to N.J.A.C. 7:24A-4.16; or

4. Terminate or annul a loan pursuant to N.J.A.C. 7:24A-4.17 or 4.18, respectively.

N.J. Admin. Code § 7:24A-4.13