17:16G-2 - Debt adjuster - New Jersey Statutes

17:16G-2.    Debt adjuster
    a.   No person other than a nonprofit social service agency or a nonprofit consumer credit counseling agency shall act as a debt adjuster.

   b.   It shall be unlawful for any nonprofit social service agency or nonprofit consumer credit counseling agency to act as a debt adjuster without first obtaining a license from the Commissioner of the Department of Banking pursuant to this act.

   c.   A licensee is authorized to offer credit counseling.

   L. 1979, c. 16, s. 2, eff. Feb. 8, 1979.  Amended by L. 1986, c. 184, s. 2, eff. Dec. 10, 1986.