New Jersey § 17:16C-72 Receipt for payment;  payment or tender to last known holder in  absence of notice of assignment

New Jersey Statutes

§ 17:16C-72 — Receipt for payment; payment or tender to last known holder in absence of notice of assignment

New Jersey § 17:16C-72

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:16C-72 (Receipt for payment; payment or tender to last known holder in absence of notice of assignment) 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-72 (2026).

Text

Whenever payment is made in cash on account of any home repair contract, the person receiving such payment shall, at the time of receiving such payment, furnish to the person making such payment a written receipt therefor showing the date, identification of the account and the amount paid. Unless notice has been given to the owner of an assignment of a home repair contract, payment thereunder or tender thereof by the owner to the last known holder of such contract shall be binding upon any holder or assignee thereof. L.1960, c. 41, p. 168, s. 11.

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Whenever payment is made in cash on account of any home repair contract, the person receiving such payment shall, at the time of receiving such payment, furnish to the person making such payment a written receipt therefor showing the date, identification of the account and the amount paid. Unless notice has been given to the owner of an assignment of a home repair contract, payment thereunder or tender thereof by the owner to the last known holder of such contract shall be binding upon any holder or assignee thereof. L.1960, c. 41, p. 168, s. 11.