| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 11c:
Section: 17:11c-38: Certain payments deemed loan secured by assignment.
38. The payment of $50,000 or less in money, credit, goods or things in action, as consideration for any sale, assignment or order for the payment of wages, salary, commissions or other compensation for services, whether earned or to be earned, shall, for the purposes of this act, be deemed a loan secured by the assignment. The transaction shall be governed by and subject to the provisions of this act and any such sale, assignment or order hereafter made shall, for the purposes of this act, be void and of no effect.
L.1996,c.157,s.38; amended 2001, c.294, s.4.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:11c-38 (if available):
Court decisions that cite this statute:
CLICK HERE.