45:22-22 - Interest chargeable; exceptions - New Jersey Statutes

45:22-22  Interest chargeable; exceptions.
45:22-22.  Notwithstanding the provisions of N.J.S.2C:21-19 to the contrary, a pawnbroker shall not charge or receive interest on a loan in excess of 3.7% per month or a fraction thereof, except that he may charge $1.00 where the interest  herein amounts to less.  In no event shall any other charges be made for any  reason whatsoever, except as permitted by the Commissioner of Banking and Insurance.

Amended 1957, c.129; 1984, c.84, s.1; 2001, c.388, s.2.