{"data":{"id":"us-nj/n.j.-stat.-17-11c-16","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:11C-16","heading":"Net worth requirements for consumer lenders","body":"16. a.  Every applicant for a license as a consumer lender shall prove in a form satisfactory to the commissioner, that the applicant has a net worth of at least $100,000, and has available for the purpose of making consumer loans liquid assets of at least $100,000.\nb.  Every consumer lender shall have at all times a net worth of at least $100,000 and shall maintain at all times assets of at least $100,000 in liquid form available for or actually used in the making of consumer loans.\nL.1996,c.157,s.16.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"4af40b3c343478757bb81a3c18e4a7843de788fc7afa9e5f7dffdb5a381e3960","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-11c-12","next":"us-nj/n.j.-stat.-17-11c-17"},"notice":"GroundRules: Original legal text. Not legal advice."}