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.
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.