New Jersey Statutes 56:12-93.1. Service contract for certain leased motor vehicle, maintenance not to exceed cost of vehicle
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Terms Used In New Jersey Statutes 56:12-93.1
- Contract: A legal written agreement that becomes binding when signed.
2. In the case of a service contract that provides for leased motor vehicle excess wear and use protection, as defined in section 1 of P.L.2013, c.197 (C. 56:12-87), the contract shall not provide for a payment for maintenance that exceeds the purchase price of the vehicle.
L.2020, c.86, s.2.