§ 55:17-1 Continuation of lease or financial arrangement on default or foreclosure of mortgage loan
§ 55:17-2 Records by holder of mortgage loan
§ 55:17-3 Project and financial records equivalent to person or entity entering into lease or financial arrangement for continuation purposes; administration of project arrangements; summary proceedings
§ 55:17-4 Establishment and maintenance of financial records and data
§ 55:17-5 Nature, identity or status of person with whom lease or financial agreement may be made
§ 55:17-6 Modifying or supplementing mortgage loan; written consent of holder
§ 55:17-7 Notice of default to holder
§ 55:17-8 Remedies to holder of mortgage loan
§ 55:17-9 Definitions
§ 55:17-10 Liberal construction
§ 55:17-11 Application

Terms Used In New Jersey Statutes > Title 55 > Chapter 17 - Continuation of Lease or Financial Arrangement On Default or Foreclosure of Mortgage Loan

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • 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
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
  • 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
  • Statute: A law passed by a legislature.