New Jersey § 17:16G-6 Debt adjustment fee

New Jersey Statutes

§ 17:16G-6 — Debt adjustment fee

New Jersey § 17:16G-6

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:16G-6 (Debt adjustment fee) 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. § 17:16G-6 (2026).

Text

a.A licensee may charge a fee to cover the cost of providing debt adjustment and credit counseling.

b.The fee for debt adjustment shall not exceed 1% of the gross monthly income of the person to whom the service is rendered, but in no case more than $15.00 in any one month, except as may be otherwise provided by rule or regulation promulgated by the commissioner. This fee may be waived in the discretion of the licensee.

c.The commissioner is authorized to establish the maximum fee that may be charged for credit counseling. L. 1979, c. 16, s. 6, eff. Feb. 8, 1979. Amended by L. 1986, c. 184, s. 4, eff. Dec. 10, 1986.

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a. A licensee may charge a fee to cover the cost of providing debt adjustment and credit counseling. b. The fee for debt adjustment shall not exceed 1% of the gross monthly income of the person to whom the service is rendered, but in no case more than $15.00 in any one month, except as may be otherwise provided by rule or regulation promulgated by the commissioner. This fee may be waived in the discretion of the licensee. c. The commissioner is authorized to establish the maximum fee that may be charged for credit counseling. L. 1979, c. 16, s. 6, eff. Feb. 8, 1979. Amended by L. 1986, c. 184, s. 4, eff. Dec. 10, 1986.