17:16C-36 - Waiver of right of action by retail buyer against seller, holder, etc - New-jersey Statutes

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Statutes > New-jersey > Title-17 > Section-17-16c > 17-16c-36

17:16C-36. Waiver of right of action by retail buyer against seller, holder, etc.
No retail installment contract or retail charge account or separate instruments executed in connection therewith shall contain any provisions whereby the retail buyer waives any right of action or defense against the retail seller, sales finance company, holder or other person acting on his or her behalf for any illegal act committed in the collection of the payments under the contract or account or in the repossession of the goods, the subject of the retail installment contract or retail charge account and any such provision shall be void and unenforceable.

L.1960, c. 40, p. 155, s. 36. Amended by L.1971, c. 409, s. 7.

State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-16c > 17-16c-36

17:16C-36. Waiver of right of action by retail buyer against seller, holder, etc.
No retail installment contract or retail charge account or separate instruments executed in connection therewith shall contain any provisions whereby the retail buyer waives any right of action or defense against the retail seller, sales finance company, holder or other person acting on his or her behalf for any illegal act committed in the collection of the payments under the contract or account or in the repossession of the goods, the subject of the retail installment contract or retail charge account and any such provision shall be void and unenforceable.

L.1960, c. 40, p. 155, s. 36. Amended by L.1971, c. 409, s. 7.

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State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-16c > 17-16c-36

17:16C-36. Waiver of right of action by retail buyer against seller, holder, etc.
No retail installment contract or retail charge account or separate instruments executed in connection therewith shall contain any provisions whereby the retail buyer waives any right of action or defense against the retail seller, sales finance company, holder or other person acting on his or her behalf for any illegal act committed in the collection of the payments under the contract or account or in the repossession of the goods, the subject of the retail installment contract or retail charge account and any such provision shall be void and unenforceable.

L.1960, c. 40, p. 155, s. 36. Amended by L.1971, c. 409, s. 7.