N.J. Stat. § 45:15-41

Current through L. 2023, c. 320.

Section 45:15-41 - Revocation of license upon issuance of court order for payment from fund

Upon the issuance of a court order for payment from the real estate guaranty fund the license of the broker, broker-salesperson, or salesperson, whose acts gave rise to the claim, shall be revoked and no such broker, broker-salesperson, or salesperson shall be eligible for reinstatement of his license until he shall have satisfied the judgment in full including reimbursement of the real estate guaranty fund together with interest.

N.J.S. § 45:15-41

Amended by L. 2018, c. 71,s. 28, eff. 1/1/2018.

Amended by L. 2009, c. 238,s. 22, eff. 7/1/2011.

L.1976, c.112, s.8; amended 1993, c.51, s.40.