New Jersey Statutes 5:12-16.1. “Encumbrance”
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 5:12-16.1
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
“Encumbrance” –A mortgage, security interest, lien or charge of any nature in or upon property.
L.1978, c. 7, s. 5, eff. March 17, 1978.