New Jersey Statutes
§ 17:16G-2 — Debt adjuster
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
a.No person other than a nonprofit social service agency or a nonprofit consumer credit counseling agency shall act as a debt adjuster.
b.It shall be unlawful for any nonprofit social service agency or nonprofit consumer credit counseling agency to act as a debt adjuster without first obtaining a license from the Commissioner of the Department of Banking pursuant to this act.
c.A licensee is authorized to offer credit counseling. L. 1979, c. 16, s. 2, eff. Feb. 8, 1979. Amended by L. 1986, c. 184, s. 2, eff. Dec. 10, 1986.
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Nearby Sections
9
§ 17:16G-1
Definitions.§ 17:16G-2
Debt adjuster§ 17:16G-3
Application for licensure§ 17:16G-4
Duties of commissioner; fees§ 17:16G-6
Debt adjustment fee§ 17:16G-7
Board of directors of agency§ 17:16G-8
Penalties; summary action; civil action.