N.J. Admin. Code § 3:17-7.1

Current through Register Vol. 56, No. 11, June 3, 2024

Section 3:17-7.1 - Advertising and insurance costs

If a consumer lender requires a borrower to insure the collateral assigned as security for a loan, the licensee shall not advertise that there are "no other costs," or use words of similar meaning, unless the terms represented in the advertisement include the cost of the insurance or unless the advertisement states that an additional charge for insurance is required.