{"data":{"id":"us-nj/n.j.-stat.-17-9a-59.31","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-59.31","heading":"Collection fee schedule","body":"Upon institution of proceedings for the collection of a small business loan  in default, a bank may charge a collection fee, in addition to court costs,  according to the following schedule:\n(a) on the first $750 of indebtedness, 15%;\n(b) on the excess over $750 of indebtedness, 10%, but in no case shall such  collection fee exceed $500.00.\nL.1964, c. 162, s. 7.","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":"e96ec5070f399d6d108a2cff351805908f012dfde876b5bb44d40b13b2503571","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-59.30","next":"us-nj/n.j.-stat.-17-9a-59.32"},"notice":"GroundRules: Original legal text. Not legal advice."}