New Jersey Code § 17:9A-53.7

Security; prohibition; endorsers or guarantors
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17:9A-53.7. Security; prohibition; endorsers or guarantors
No security shall be taken for an educational loan, but this prohibition shall not preclude a banking institution from requiring one or more endorsers or guarantors of such loan.
L.1975, c. 287, s. 6, eff. Jan. 12, 1976.

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