Definitions relative to certain loans for senior citizens.

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56:8-104 Definitions relative to certain loans for senior citizens.

1. For the purposes of this act:

"Home solicitation" means any transaction made at the consumer's primary residence, except those transactions initiated by the consumer. A consumer response to an advertisement is not a home solicitation.

"Senior citizen" means an individual who is 60 years of age or older.

"Transaction" means a sale as defined in subsection e. of section 1 of P.L.1960, c.39 (C.56:8-1).

L.2000,c.125,s.1.


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