New Jersey § 17:16C-52 Payment in full of retail installment contract

New Jersey Statutes

§ 17:16C-52 — Payment in full of retail installment contract

New Jersey § 17:16C-52

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:16C-52 (Payment in full of retail installment contract) 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-52 (2026).

Text

52. Upon payment in full by the retail buyer of the time balance and other amounts lawfully due under a retail installment contract, the holder shall:

(a)Return to the retail buyer either the original instruments evidencing indebtedness or constituting security under a retail installment contract, which were signed by the retail buyer or his sureties or guarantors in conjunction with such contract or a copy thereof, excepting such instruments as are filed or recorded with a public official and retained in the files of such official;

(b)Release all security interest in the goods or in any collateral security to the obligation of the retail buyer under such contract;

(c)Deliver to the retail buyer such good and sufficient assignments and certificates of title as may be necessary to vest t

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52. Upon payment in full by the retail buyer of the time balance and other amounts lawfully due under a retail installment contract, the holder shall: (a) Return to the retail buyer either the original instruments evidencing indebtedness or constituting security under a retail installment contract, which were signed by the retail buyer or his sureties or guarantors in conjunction with such contract or a copy thereof, excepting such instruments as are filed or recorded with a public official and retained in the files of such official; (b) Release all security interest in the goods or in any collateral security to the obligation of the retail buyer under such contract; (c) Deliver to the retail buyer such good and sufficient assignments and certificates of title as may be necessary to vest the retail buyer with complete evidence of title. L.1960,c.40,s.52; amended 1995,c.33,s.2.