Service contract for certain leased motor vehicle, maintenance not to exceed cost of vehicle.
56:12-93.1 Service contract for certain leased motor vehicle, maintenance not to exceed cost of vehicle.
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.
This is the verbatim text of N.J.S.A. 56:12-93.1, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. KyzerLex is not a law firm and this page is not legal advice.