New Jersey Statutes 46:10B-59. Waiver void, unenforceable
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Terms Used In New Jersey Statutes 46:10B-59
- 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
7. a. Any waiver by an owner of the provisions of section 4, 5, or 6 of this act is void and unenforceable as contrary to public policy.
b. Any attempt by a foreclosure consultant to induce an owner to waive the owner’s rights is a violation of this act.
L.2011, c.146, s.7.