{"data":{"id":"us-nj/n.j.-stat.-17-16c-40","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:16C-40","heading":"Loan of money or advance of credit to retail buyer;  rate of interest","body":"No retail seller, sales finance company or holder shall make any loan of money or advance of credit to a retail buyer on or in connection with any retail installment contract or retail charge account and charge, contract for or receive thereon a greater rate of interest than he would otherwise be permitted by law to charge except in accordance with the provisions of this act;  provided, however, that nothing contained in this section shall prohibit a banking institution from making any loan which it otherwise is permitted by law to make.\nL.1960, c. 40, p. 156, s. 40.  Amended by L.1971, c. 409, s. 11.","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":"ed19af9ca68f0d858cc2af0489815393e0c41519c853617b95bac3ba31bba5b1","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-16c-39.1","next":"us-nj/n.j.-stat.-17-16c-40.1"},"notice":"GroundRules: Original legal text. Not legal advice."}