New Jersey § 17:16C-35 Prohibited contract provisions;  acceleration clause

New Jersey Statutes

§ 17:16C-35 — Prohibited contract provisions; acceleration clause

New Jersey § 17:16C-35

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:16C-35 (Prohibited contract provisions; acceleration clause) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:16C-35 (2026).

Text

No retail installment contract or retail charge account or separate instruments executed in connection therewith shall contain any acceleration clause under which any part or all of the balance, not yet matured, may be declared immediately due and payable because the retail seller or holder deems himself to be insecure and any such provision shall be void and unenforceable. L.1960, c. 40, p. 155, s.

35.Amended by L.1971, c. 409, s. 6.

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No retail installment contract or retail charge account or separate instruments executed in connection therewith shall contain any acceleration clause under which any part or all of the balance, not yet matured, may be declared immediately due and payable because the retail seller or holder deems himself to be insecure and any such provision shall be void and unenforceable. L.1960, c. 40, p. 155, s. 35. Amended by L.1971, c. 409, s. 6.