{"data":{"id":"us-nj/n.j.-stat.-17-9a-53.6","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-53.6","heading":"Limitation on duration of loan","body":"No banking institution shall make an educational loan, or an advance on an educational loan which is disbursed in more than one advance, which is repayable in more than 7 years.  For the purposes of this section an educational loan shall be deemed to be made each time an advance is made thereon.\nL.1975, c. 287, s. 5, eff. Jan. 12, 1976.","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":"819e38a691dcd076a4ff5956e86dca2f9027c1b26185241d04f230d7150a1d64","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-53.5","next":"us-nj/n.j.-stat.-17-9a-53.7"},"notice":"GroundRules: Original legal text. Not legal advice."}