Structured Settlement Guide For New Jersey

Below is local New Jersey information related to courts, and structured settlement topics. You may have to visit or phone call a local New Jersey courthouse when working with your structured settlement.

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New Jersey City Court Pages

Click to go to Site: New Jersey Main Court Pages
Click to go to Site: County Court of NJ
Click to go to Site: New Jersey Municipal Courts

The following New Jersey cities have court information at above links:

• Newark
• Jersey City
• Paterson
• Elizabeth
• Edison
• Toms River
• Trenton
• Camden
• Clifton
• East Orange
• Passaic
• Union City
• Bayonne
• Irvington
• Vineland
• Union
• Wayne
• New Brunswick
• Plainfield
• Bloomfield
• Perth Amboy
• East Brunswick
• West New York
• West Orange
• Hackensack
• Atlantic City
  

Structured Settlement New Jersey State Laws

2A:16-66. Approval required for payment 4.No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of structured settlement payment rights unless the transfer has been approved in advance in a final court order or order of a responsible administrative authority based on express findings by the court or responsible administrative authority that: a.the transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents; b.the payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received the advice or knowingly waived the right to seek that advice in writing; and c.the transfer does not contravene any applicable statute or the order of any court or other government authority.

L.2001,c.139,s.4. 2A:16-67. Procedures following transfer 5.Following a transfer of structured settlement payment rights under this act: a.The structured settlement obligor and the annuity issuer shall, as to all parties except the transferee, be discharged and released from any and all liability for the transferred payments; b.The transferee shall be liable to the structured settlement obligor and the annuity issuer: (1)if the transfer contravenes the terms of the structured settlement, for any taxes incurred by those parties as a consequence of the transfer; and (2)for any other liabilities or costs, including reasonable costs and attorneys' fees, arising from compliance by those parties with the order of the court or responsible administrative authority or arising as a consequence of the transferee's failure to comply with this act; c.Neither the annuity issuer nor the structured settlement obligor shall be required to divide any periodic payment between the payee and any transferee or assignee or between two or more transferees or assignees; and d.Any further transfer of structured settlement payment rights by the payee shall be made in compliance with all of the requirements of this act.

L.2001,c.139,s.5. 2A:16-68. Application for approval of transfer, procedure 6. a. An application under this act to a court or responsible administrative authority for approval of a transfer of structured settlement payment rights shall be made by the transferee and may be brought in the jurisdiction in which the payee resides, in the jurisdiction in which the structured settlement obligor or the annuity issuer maintains its principal place of business, or in any court or before any responsible administrative authority which approved the structured settlement agreement. b.Not less than 20 days prior to the scheduled hearing on any application for approval of a transfer of structured settlement payment rights under section 4 of this act, the transferee shall file with the court or responsible administrative authority and serve on all interested parties a notice of the proposed transfer and the application for its authorization, including with the notice: (1)a copy of the transferee's application; (2)a copy of the transfer agreement; (3)a copy of the disclosure statement required under section 3 of this act; (4)a listing of each of the payee's dependents, together with each dependent's age; (5)notification that any interested party is entitled to support, oppose or otherwise respond to the transferee's application, either in person or by counsel, by submitting written comments to the court or responsible administrative authority or by participating in the hearing; and (6)notification of the time and place of the hearing and notification of the manner in which, and the time by which, written responses to the application shall be filed, which shall be not less than 15 days after service of the transferee's notice, in order to be considered by the court or responsible administrative authority. L.2001,c.139,s.6. ...

* See more and actual structured settlement statutes at New Jersey State government law site pages

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