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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 16c:
Section: 17:16c-51: Collection of charges if sale not made prohibited; status of deposit on contemplated purchase of goods
No retail seller shall collect or retain any amount whatsoever in connection with the contemplated sale of goods under a retail installment sales contract, if such sale is not made; provided, however, that nothing contained herein shall affect the legal status of a deposit paid by a prospective retail buyer to a retail seller as a binder on the contemplated purchase of goods.
L.1960, c. 40, p. 160, s. 51.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:16c-51 (if available):
Court decisions that cite this statute:
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