N.J. DCA Landlord/Tenant Information Series — Security Deposit Law

Citation: N.J. DCA Landlord/Tenant Information Series — Security Deposit Law
Jurisdiction: New Jersey (state)
Source: Official source
Original Source: https://www.nj.gov/dca/codes/publications/pdf_lti/sdepsit_law.pdf ↗

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46:8-25. Unlawful diversion of trust funds; penalty
Any person party to said contract, lease or agreement, or any agent of said person, or any
officer of a corporation receiving said moneys, who, with knowledge that such moneys constitute
trust funds, unlawfully diverts or consents to an unlawful diversion of such moneys shall be a
disorderly person and subject to a fine of not less than $ 200.00 or by imprisonment for not more
than 30 days, or both.
HISTORY: L. 1967, c. 265, 7, eff. Jan. 1, 1968.

46:8-26. Application of act
The provisions of this act shall apply to all rental premises or units used for dwelling purposes
except owner-occupied premises with not more than two rental units where the tenant has failed
to provide 30 days written notice to the landlord invoking the provisions of this act.
HISTORY: L. 1967, c. 265, 8, eff. Jan. 1, 1968. Amended by L. 1968, c. 46, 1, eff. May 22, 1968; L. 1971, c. 223, 7, eff. June 21, 1971; L. 1979,
c. 28, 3, eff. Feb. 22, 1979.