N.J. Admin. Code § 3:1-16.8

Current through Register Vol. 56, No. 19, October 7, 2024

Section 3:1-16.8 - Trust funds

Before accepting any trust funds, each lender shall disclose in writing to the party or parties depositing such funds the purpose for which the fund is established, the amount of the trust fund, the period for which the trust fund will be held and the conditions upon which the funds will be disbursed or released.