New Jersey Statutes 17:16F-26. Unpaid property taxes, mortgagor may sue mortgagee
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Terms Used In New Jersey Statutes 17:16F-26
- collector: when used in relation to the collection of taxes or water rents or other public assessments, includes all officers charged with the duty of collecting such taxes, water rents or assessments, unless a particular officer is specified. See New Jersey Statutes 1:1-2
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
If a mortgagor‘s property taxes remain unpaid so as to subject the mortgagor’s property to a tax sale pursuant to Article 4 of the “tax sale law” (R.S.54:5-19 et seq.), and if the mortgagor’s property tax payments are made by a mortgagee or a servicing organization which receives the original tax bill, and a mortgagor’s name appears in the notice which the collector of taxes is required to print pursuant to R.S.54:5-25 due to the failure of the mortgagee or the servicing organization to resolve the delinquency, the mortgagor may sue the mortgagee or the servicing organization in a court of competent jurisdiction for damages, including court costs and attorneys’ fees and the cost of printing a correction in the same newspaper or newspapers in which the notice of tax delinquency appeared.
L.1990,c.69,s.13.