New Jersey Statutes 46:10B-13. Authorization to make
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Terms Used In New Jersey Statutes 46:10B-13
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
Notwithstanding any law, rule, regulation, or opinion to the contrary, it shall be lawful for any institution authorized in this State to make mortgage loans secured by a mortgage on real property to make graduated payment mortgages.
L.1979, c. 139, s. 2, eff. July 6, 1979.