New Jersey Statutes
§ 17:16ZZ-12 — Actions, counterclaims by borrower.
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
12.A student loan borrower who suffers any ascertainable loss of moneys as a result of the use or employment by a student loan servicer of any method, act, or practice declared unlawful under this act may bring an action or assert a counterclaim therefor in any court of competent jurisdiction. In any action under this section the court shall, in addition to any other appropriate legal or equitable relief, award threefold the damages sustained by the student loan borrower. In all actions under this section, the court shall also award reasonable attorneys' fees, filing fees, and reasonable costs of suit. L.2019, c.200, s.12.
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Nearby Sections
15
§ 17:16ZZ-10
Additional authority of the commissioner.§ 17:16ZZ-12
Actions, counterclaims by borrower.§ 17:16ZZ-13
Remedies not exclusive.§ 17:16ZZ-14
Compliance with federal laws and regulations.§ 17:16ZZ-15
Reports.§ 17:16ZZ-16
Annual assessment.§ 17:16ZZ-17
Rules, regulations.§ 17:16ZZ-18
Severability.§ 17:16ZZ-4
Licensure for student loan servicers.§ 17:16ZZ-5
Issuance of license.§ 17:16ZZ-7
Maintenance, availability of records.