New Jersey Contents Of An Annual Report By The Pawnbroker
Added January 17th, 2014 · Updated January 21st, 2014
New Jersey Statutes Annotated
Title 45. Professions and Occupations (Refs & Annos)
Subtitle 2. Occupations Subject to Other Regulation
Chapter 22. Pawnbrokers and Dealers in Secondhand Goods (Refs & Annos)
Article 1. General Provisions
45:22-12. Pawnbroker's annual report; contents
Every pawnbroker shall annually, submit to the Commissioner of Banking and Insurance, on such forms and within the time as may be prescribed by him, a report under oath, giving the number and amount of loans made during the preceding calendar year, and the balance of all loans outstanding at the close of the year, the rates of interest charged and such other information as the commissioner may require.
A pawnbroker that fails to make and file its annual report in the form and within the time provided in this section shall be subject to a penalty of not more than $100 for each day's failure, and the commissioner may revoke or suspend its authority to do business in this State. The penalty may be collected in a summary proceeding pursuant to the “Penalty Enforcement Law of 1999,” P.L.1999, c. 274 (C.2A:58-10 et seq.). A warrant may issue in lieu of a summons.
Cite as N.J. Stat. Ann. § 45:22-12
Title 45. Professions and Occupations (Refs & Annos)
Subtitle 2. Occupations Subject to Other Regulation
Chapter 22. Pawnbrokers and Dealers in Secondhand Goods (Refs & Annos)
Article 1. General Provisions
45:22-12. Pawnbroker's annual report; contents
Every pawnbroker shall annually, submit to the Commissioner of Banking and Insurance, on such forms and within the time as may be prescribed by him, a report under oath, giving the number and amount of loans made during the preceding calendar year, and the balance of all loans outstanding at the close of the year, the rates of interest charged and such other information as the commissioner may require.
A pawnbroker that fails to make and file its annual report in the form and within the time provided in this section shall be subject to a penalty of not more than $100 for each day's failure, and the commissioner may revoke or suspend its authority to do business in this State. The penalty may be collected in a summary proceeding pursuant to the “Penalty Enforcement Law of 1999,” P.L.1999, c. 274 (C.2A:58-10 et seq.). A warrant may issue in lieu of a summons.
Cite as N.J. Stat. Ann. § 45:22-12
Laws change and requirements vary by state. This is general information and may be out of date. Check the official state sources, or ask a lawyer, before relying on it.
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