N.J. Admin. Code § 5:26-10.3

Current through Register Vol. 56, No. 24, December 18, 2024

Section 5:26-10.3 - Advertising standards

(a) All advertising material shall conform to the provisions of N.J.A.C. 5:26-5 and in addition shall contain the following:

1. A statement that the purpose of the advertising is to solicit nonbinding reservations;

2. A statement that the nonbinding reservation is not a contract and may be cancelled by the prospective purchaser at any time, without cause;

3. A statement that any money paid to the developer shall be refunded to the prospective purchaser upon request and cancellation of the nonbinding reservation.

N.J. Admin. Code § 5:26-10.3