New Jersey Payday Loan Laws and Regulations

According to criminal law, the usury cap is set at 30% for New Jersey each year. As a result, borrowers who obtain payday loans from lenders that are situated in other states are likely to pay fees and rates set in this state. As a result, borrowers need to first read up on the laws that operate within the state before finalizing their documents. Issues relating to rollovers, finance rates and fees should all be discussed beforehand to ensure maximum understanding between both parties.

New Jersey Consumer Protection
In order to remain protected, it is important to read up on the state laws in order to get yourself to grips with all the rules and regulations. In the state of New Jersey, the official regulator is the New Jersey Department of Banking and Insurance. You can contact them via email, fax or by visiting their offices.

20 West State St.
Trenton, NJ 08625
Phone: (609) 292-5360
Fax: (609) 292-5461

You can also visit their website. Should a problem ever arise, borrowers are encouraged to go for professional help.

Interesting Facts About New Jersey
  1. New Jersey has the highest population density of any state.
  2. The majority of people in this state live in an urban area.
  3. All of the counties in this state are classified as metropolitan areas.
  4. The northern part of this state is the car theft capitol of the world. More cars are stolen in Newark each year than in any other two cities combined.
  5. This state has the most dense system of highways and railroads of any state.
  6. In 1848 John Roebling opened up a factory in Trenton for the sole purpose of being able to meet the growing demands on the wire rope that he and his sons made. The three of them built a suspension bridge across the Niagara river and they also built the Brooklyn Bridge.
  7. The oldest seashore resort in the United States is Cape May.
  8. The most shopping malls in one area is located in this state There are seven major shopping malls in an area that only has a 25 square mile radius.
  9. This is the largest chemical producing state in the nation.
  10. Thomas Edison had a laboratory in Menlo Park and it was here that he came up with some of his inventions like the light bulb, the record player, and the motion picture projector.
  11. This is where the Miss America Pageant is held each year.
  12. All of the street names in Atlantic City came from the ones on the monopoly Game.
  13. Several famous people were brought up here. Jack Nicholson, Bruce Springsteen, Bon Jovi, Redman, Queen Latifa, Frank Sinatra, and Eddie Money.
  14. The longest boardwalk in the world is in Atlantic City.
  15. The tallest water tower in the world is in New Jersey.
  16. Outside of the middle east countries New Jersey has the largest petroleum containment area.
  17. This state offers child abuse prevention workshops to every public school.
  18. There are 108 toxic waste dumps in this state. That is the highest number of toxic waste dumps in any state.
  19. This state gave the United States the first drive in theater.
  20. There are 21 counties making up this state.
  21. This state is home to a spoon museum. The museum has spoons in it from every other state and from almost all other countries.
  22. The state motto is liberty and prosperity.
  23. For the past 24 years Parsippany has been named tree city USA.
  24. The study of dinosaur fossils began here in 1858 when a nearly complete skeleton was discovered in Haddonfield.
  25. The honeybee is the state bug.
  26. The state tree is the red oak.
  27. The state flower is the purple violet.
  28. The state mammal is the horse.
  29. The state fish is the brook trout.
  30. This was the 3rd state to join the union in 1787.
  31. President Grover Cleveland was born here in 1837.
  32. There are several major industries in this state including, pharmaceuticals, tourism, chemicals, insurance, agriculture.
  33. This was the first state to ratify the bill of rights.
  34. This state has the highest cost of living.
  35. There are more race horses here than there are in Kentucky.
  36. This state is sometimes called the diner capitol of the world because of the number of diners it has.
  37. This state is home to the statue of liberty.
  38. Ellis island is located here.
  39. The state folk dance is the square dance.
  40. This state is the leader in cranberry and blueberry production.
  41. The first saltwater taffy was made in the 1870s on the Jersey shore.
  42. The first American copper mine was opened 1640.
  43. The first solid body electric guitar was created here in 1940 by Les Paul in the town of Mahwah.
  44. Almost eighty percent of the Nations imports come through a port in this state. Elizabeth Seaport is the largest.
  45. This state has the most stringent for water testing compared to all other states.
  46. The first national historic park was established here in 1933.
  47. The first submarine ride occurred on the Passaic River on a submarine invented by John Paul Holland.

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