New Jersey § 38:23B-13 Cost of loan

New Jersey Statutes

§ 38:23B-13 — Cost of loan

New Jersey § 38:23B-13

Title 38MILITIA--SOLDIERS, SAILORS AND MARINES

This text of New Jersey § 38:23B-13 (Cost of loan) 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. § 38:23B-13 (2026).

Text

The entire cost to the borrower of making any loan, regardless of amount, shall be included in a single charge of ten dollars ($10.00) for all costs, exclusive of interest, of which two dollars ($2.00) shall be paid by the bank to the authority; except, however, that whenever any veteran's loan is, under the provisions of this act, required to be secured by a lien on property purchased with all or part of the proceeds of such loan, an additional amount, not to exceed a maximum amount which shall be prescribed by the commissioner, may be charged to the borrower to defray the expenses incurred in connection with the making of the instrument creating the lien, including search fees and recording fees. L.1944, c. 126, p. 348, s.

13.Amended by L.1946, c. 121, p. 566, s. 11.

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The entire cost to the borrower of making any loan, regardless of amount, shall be included in a single charge of ten dollars ($10.00) for all costs, exclusive of interest, of which two dollars ($2.00) shall be paid by the bank to the authority; except, however, that whenever any veteran's loan is, under the provisions of this act, required to be secured by a lien on property purchased with all or part of the proceeds of such loan, an additional amount, not to exceed a maximum amount which shall be prescribed by the commissioner, may be charged to the borrower to defray the expenses incurred in connection with the making of the instrument creating the lien, including search fees and recording fees. L.1944, c. 126, p. 348, s. 13. Amended by L.1946, c. 121, p. 566, s. 11.