Search Rutgers Law Library N.J. Court Opinions

1 MARK GLUKOWSKY v. EQUITY ONE, INC. -- rank: 1000

... amount, violate New Jersey law, relying upon the Prepayment Law, N.J.S.A. 46:10B-1 to -11.1; the Market Rate Consumer Loan Act, N ...

docket:	A3202-01
court:	NJ Superior Court Appellate Division
decided:	2003-04-24
status:	published
citation:	360 N.J. Super. 1 821 A.2d 485
Document Size:	125502

2 SALVATORE LOPRESTI v. WELLS FARGO BANK, N.A. -- rank: 730

... against such a charge in the New Jersey Prepayment Law, N.J.S.A. 46:10B-1 to -11.1, does not apply to commercial transactions like ... the proceeds of such loan , a structure containing . . . dwelling units . . . ." N.J.S.A. 46:10B-1(a) (emphasis added). Moreover, a "mortgagor" is defined as "any ... real property which secures the payment of a mortgage loan[.]" N.J.S.A. 46:10B-1(b) (emphasis added). The Prepayment Law applies to individual consumers ... mortgage is not a "mortgage loan" within the definition of N.J.S.A. 46:10B-1(a), and therefore Wells Fargo is not the "holder of ... the Prepayment Law's proscription against charging such a fee. N.J.S.A. 46:10B-1(b). Thus, we concur with the motion judge's holding ...

docket:	a1356-12
court:	NJ Superior Court Appellate Division
decided:	2014-03-10
status:	published
citation:	435 N.J.Super. 311 88 A.3d 944
Document Size:	40137