NJ’s wanton disregard for premium finance collateral with its 90 day abeyance of cancellation for nonpayment is unconstitutional seizure of property. If a company can’t pay one monthly installment in due to a single month of no revenue, who is their CFO and Risk Manager – no rainy day fund? I don’t recall the premium finance industry being part of the Red Cross.
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NJ’s wanton disregard for premium finance collateral with its 90 day abeyance of cancellation for nonpayment is unconstitutional seizure of property. If a company can’t pay one monthly installment in due to a single month of no revenue, who is their CFO and Risk Manager – no rainy day fund? I don’t recall the premium finance industry being part of the Red Cross.