New Jersey Statutes 55:14K-86. Mortgage and Neighborhood Stabilization Assistance Program, Fund
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Terms Used In New Jersey Statutes 55:14K-86
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
5. There is established in the New Jersey Housing and Mortgage Finance Agency a Mortgage and Neighborhood Stabilization Financing Assistance Program and Mortgage and Neighborhood Stabilization Financing Assistance Program Fund for the purpose of assisting homeowners and lenders willing to refinance covered mortgages in order to ensure that the homeowner has an affordable mortgage payment and assisting Community Development Financial Institutions to finance the acquisition and rehabilitation of eligible properties.
a. (Deleted by amendment, P.L.2009, c.334.)
b. (Deleted by amendment, P.L.2009, c.334.)
c. (Deleted by amendment, P.L.2009, c.334.)
d. (Deleted by amendment, P.L.2009, c.334.)
e. (Deleted by amendment, P.L.2009, c.334.)
f. (Deleted by amendment, P.L.2009, c.334.)
g. (Deleted by amendment, P.L.2009, c.334.)
h. (Deleted by amendment, P.L.2009, c.334.)
i. (Deleted by amendment, P.L.2009, c.334.)
j. (Deleted by amendment, P.L.2009, c.334.)
k. (Deleted by amendment, P.L.2009, c.334.)
l. (Deleted by amendment, P.L.2009, c.334.)
L.2008, c.127, s.5; amended 2009, c.334, s.3.