New Jersey Statutes 17:29-11. Substitution of policies; charges prohibited; exception
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Terms Used In New Jersey Statutes 17:29-11
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
No lender or other legal entity servicing mortgages shall make in connection with any mortgage loan any charge for the substitution of an insurance policy or policies except as may be permitted by regulation of the Commissioner of Banking and Insurance.
L.1965, c. 27, s. 1.