New Jersey Statutes 12A:12-3. Applicability of act to electronic records, signatures; exceptions
Terms Used In New Jersey Statutes 12A:12-3
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
b. This act does not apply to a transaction to the extent it is governed by a law governing the creation and execution of wills, codicils or testamentary trusts.
c. This act does not apply to:
(1) court orders or notices or official court documents (including briefs, pleadings and other writings) required to be executed in connection with court proceedings;
(2) any notice of:
(a) the cancellation or termination of utility services (including water, heat and power);
(b) the default, acceleration, repossession, foreclosure or eviction, or the right to cure, under a credit agreement secured by, or a rental agreement for, a primary residence of an individual;
(c) the cancellation or termination of health insurance benefits or life insurance benefits (excluding annuities); or
(d) the recall of a product, or material failure of a product, that risks endangering health or safety; or
(3) any document required to accompany any transportation or handling of hazardous materials, pesticides or other toxic or dangerous materials.
d. This act applies to an electronic record or electronic signature otherwise excluded from the application of this act under subsection b. of this section to the extent it is governed by a law other than those specified in subsection b. of this section.
e. A transaction subject to this act is subject also to other applicable substantive law.
L.2001, c.116, s.3; amended 2021, c.179, s.36.