{"data":{"id":"us-nj/n.j.-stat.-17-16c-51","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:16C-51","heading":"Collection of charges if sale not made prohibited;  status of deposit on contemplated purchase of goods","body":"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.\nL.1960, c. 40, p. 160, s. 51.","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":"ece33a4b5439f8bd27235e26f1e4b8c773d5aafcf2ba8680d3d424b4c90bfe38","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-16c-50","next":"us-nj/n.j.-stat.-17-16c-52"},"notice":"GroundRules: Original legal text. Not legal advice."}