New Jersey § 46:10B-5 Violation;  return of fees plus interest

New Jersey Statutes

§ 46:10B-5 — Violation; return of fees plus interest

New Jersey § 46:10B-5

Title 46PROPERTY

This text of New Jersey § 46:10B-5 (Violation; return of fees plus interest) 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. § 46:10B-5 (2026).

Text

Any holder of a mortgage loan or agent acting on behalf of the holder of a mortgage loan who shall knowingly demand and receive prepayment fees, except as provided in this act, shall be liable to the mortgagor for the return of the whole amount of the prepayment fees so received, plus interest thereon from the date of such receipt at the rate of 6% per annum. L.1968, c. 54, s. 5, eff. June 6, 1968.

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Any holder of a mortgage loan or agent acting on behalf of the holder of a mortgage loan who shall knowingly demand and receive prepayment fees, except as provided in this act, shall be liable to the mortgagor for the return of the whole amount of the prepayment fees so received, plus interest thereon from the date of such receipt at the rate of 6% per annum. L.1968, c. 54, s. 5, eff. June 6, 1968.