New Jersey Criminal Usury Collection Check

Live. Collecting a New Jersey loan? 2C:21-19 caps 30% (individuals) / 50% (entities); unlicensed consumer loans are void (17:11C-33).

Collecting a New Jersey personal, online or payday-style loan? Checks each loan and contact against New Jersey law: interest above 30% a year for an individual borrower, or 50% for a corporation, LLC or LLP, is criminal usury (N.J.S.A. 2C:21-19), leaving principal only; a consumer loan by an unlicensed lender is void (17:11C-33). Flags collecting unlawful interest or a void loan (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats. Not legal advice.

Price: $0.001 per call after 1,000 free per month.

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