New Jersey § 17:46B-63 Consumer rights; title, settlement service company.

New Jersey Statutes

§ 17:46B-63 — Consumer rights; title, settlement service company.

New Jersey § 17:46B-63

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:46B-63 (Consumer rights; title, settlement service company.) 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. § 17:46B-63 (2026).

Text

2. a. Notwithstanding the provisions of this act nothing herein shall prevent a consumer from exercising their free choice in the selection of the title or settlement services company of their choosing. Any agreement by a consumer to use the services of a title or settlement service company shall be subject to the attorney review, if any, which is part of the contract for sale of real estate and may be revoked in the same manner as provided in the contract for the sale of real estate. b. A person who violates the provisions of this section shall be:

(1)for a first violation, subject to a 90-day business license suspension;

(2)for a second violation:

(a)subject to a 180-day business license suspension; and (b) liable to a penalty of not more than $1,000 for each violation; and (3) for a

Free access — add to your briefcase to read the full text and ask questions with AI

2. a. Notwithstanding the provisions of this act nothing herein shall prevent a consumer from exercising their free choice in the selection of the title or settlement services company of their choosing. Any agreement by a consumer to use the services of a title or settlement service company shall be subject to the attorney review, if any, which is part of the contract for sale of real estate and may be revoked in the same manner as provided in the contract for the sale of real estate. b. A person who violates the provisions of this section shall be: (1) for a first violation, subject to a 90-day business license suspension; (2) for a second violation: (a) subject to a 180-day business license suspension; and (b) liable to a penalty of not more than $1,000 for each violation; and (3) for a third and any subsequent violation: (a) subject to a one-year business license suspension; and (b) liable to a penalty of not more than $2,500 for each violation. L.2021, c.397, s.2.