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New Jersey Statutes, Title: 2A, ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
Chapter 50: No personal deficiency judgment in foreclosure actions or execution thereon for balance due
Section: 2A:50-77: Participation in mediation.
4. a. (1) A court may order mediation whenever a homeowner-borrower files an answer to a foreclosure complaint.
(2) Alternatively, the homeowner-borrower may initiate mediation in accordance with court rules. The courts shall provide the homeowner-borrower no less than 60 days following receipt of the foreclosure complaint and summons to initiate mediation.
b. The homeowner-borrower may not participate in mediation unless the certification document required pursuant to section 5 of P.L.2019, c.64 (C.2A:50-78) is submitted to the court and signed by a trained foreclosure prevention and default mitigation counselor, verifying that the homeowner-borrower is cooperating with the counselor.
c. The homeowner-borrower shall not be required to pay any fees to participate in the mediation program.
L.2019, c.64, s.4.
This section added to the Rutgers Database: 2019-05-11 16:06:07.
Older versions of 2a:50-77 (if available):
Court decisions that cite this statute:
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