| 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: 38, MILITIA--SOLDIERS, SAILORS AND MARINES
Chapter 23b: Purpose of act
Section: 38:23b-13: Cost of loan
The entire cost to the borrower of making any loan, regardless of amount, shall be included in a single charge of ten dollars ($10.00) for all costs, exclusive of interest, of which two dollars ($2.00) shall be paid by the bank to the authority; except, however, that whenever any veteran's loan is, under the provisions of this act, required to be secured by a lien on property purchased with all or part of the proceeds of such loan, an additional amount, not to exceed a maximum amount which shall be prescribed by the commissioner, may be charged to the borrower to defray the expenses incurred in connection with the making of the instrument creating the lien, including search fees and recording fees.
L.1944, c. 126, p. 348, s. 13. Amended by L.1946, c. 121, p. 566, s. 11.
This section added to the Rutgers Database: 2012-09-26 13:37:51.
Older versions of 38:23b-13 (if available):
Court decisions that cite this statute:
CLICK HERE.