New Jersey Statutes 2A:50-29. Allowance of set-offs
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 2A:50-29
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Plaintiff: The person who files the complaint in a civil lawsuit.
In any action for the foreclosure of a mortgage, just set-offs shall be allowed, whether the holder of the mortgage is a party plaintiff or defendant.
L.1951 (1st SS), c.344.