New Jersey § 38:23B-9.1 Approval of application for loan to purchase household furnishings

New Jersey Statutes

§ 38:23B-9.1 — Approval of application for loan to purchase household furnishings

New Jersey § 38:23B-9.1

Title 38MILITIA--SOLDIERS, SAILORS AND MARINES

This text of New Jersey § 38:23B-9.1 (Approval of application for loan to purchase household furnishings) 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-9.1 (2026).

Text

Any application for a loan to finance the purchase of household furnishings or household appliances, or both, made under this act shall be submitted to the commissioner for his approval. The commissioner shall approve the application only if he finds that: a. The purpose of the loan is to finance the purchase by the applicant of specific household furnishings or household appliances, or both; and b. Such household property is required by the applicant for use in his home; and c. The amount of the loan would not exceed the maximum amount reasonably necessary to purchase such household property or one thousand dollars ($1,000.00), whichever is less; and d. The conditions under which the applicant proposes to finance the purchase of such household property are reasonably favorable for the suc

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Any application for a loan to finance the purchase of household furnishings or household appliances, or both, made under this act shall be submitted to the commissioner for his approval. The commissioner shall approve the application only if he finds that: a. The purpose of the loan is to finance the purchase by the applicant of specific household furnishings or household appliances, or both; and b. Such household property is required by the applicant for use in his home; and c. The amount of the loan would not exceed the maximum amount reasonably necessary to purchase such household property or one thousand dollars ($1,000.00), whichever is less; and d. The conditions under which the applicant proposes to finance the purchase of such household property are reasonably favorable for the successful liquidation of the loan. L.1946, c. 121, p. 563, s. 8.