17:10B-2 - Prohibitions relative to loan brokers - New-jersey Statutes

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Statutes > New-jersey > Title-17 > Section-17-10b > 17-10b-2

17:10B-2.    Prohibitions relative to loan brokers
     2.   No loan broker shall:

    a.   Assess, collect or hold an advance fee, directly or indirectly, from or on behalf of a borrower to provide services as a loan broker;

    b.   Make or use any false or misleading representations or omit any material fact in the offer or sale of the services of a loan broker or lender, whether real or purported;

    c.   Engage, directly or indirectly, in any act that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a loan broker or lender, whether real or purported, notwithstanding the absence of reliance by the borrower; or

    d.   Make any false or deceptive representation to the department or conceal a material fact from the department.

    L.1992,c.66,s.2.

State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-10b > 17-10b-2

17:10B-2.    Prohibitions relative to loan brokers
     2.   No loan broker shall:

    a.   Assess, collect or hold an advance fee, directly or indirectly, from or on behalf of a borrower to provide services as a loan broker;

    b.   Make or use any false or misleading representations or omit any material fact in the offer or sale of the services of a loan broker or lender, whether real or purported;

    c.   Engage, directly or indirectly, in any act that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a loan broker or lender, whether real or purported, notwithstanding the absence of reliance by the borrower; or

    d.   Make any false or deceptive representation to the department or conceal a material fact from the department.

    L.1992,c.66,s.2.

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State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-10b > 17-10b-2

17:10B-2.    Prohibitions relative to loan brokers
     2.   No loan broker shall:

    a.   Assess, collect or hold an advance fee, directly or indirectly, from or on behalf of a borrower to provide services as a loan broker;

    b.   Make or use any false or misleading representations or omit any material fact in the offer or sale of the services of a loan broker or lender, whether real or purported;

    c.   Engage, directly or indirectly, in any act that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a loan broker or lender, whether real or purported, notwithstanding the absence of reliance by the borrower; or

    d.   Make any false or deceptive representation to the department or conceal a material fact from the department.

    L.1992,c.66,s.2.