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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 9a:

      Section: 17:9a-53.8: Disbursement in more than one advance; principal amount of loan

           When pursuant to an agreement between a banking institution and a borrower, an educational loan will be disbursed in more than one advance, the principal amount immediately following an advance shall be the amount owing on such loan immediately before such advance is made, plus the principal amount of the advance then being made.

L.1975, c. 287, s. 7, eff. Jan. 12, 1976.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:9a-53.8 (if available):



Court decisions that cite this statute: CLICK HERE.